By SFO | June 12, 2008

Forex Fundamental Outlook

The common currency gave back all of yesterday’s gains as traders reacted to stronger-than-expected U.S. May import prices data that saw overall import prices rise 2.3% with April’s and March’s tallies upwardly revised to 2.4% and 3.0%, respectively. May overall import prices were up 17.8% y/y and May ex-petroleum import…
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