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Less than an hour after the European Central Bank announced the benchmark rate would be held at 4.00 percent, President Jean Claude Trichet delivered his usual commentary to an attentive public. Over the past few weeks, speculation that the policy authority would take a more dovish approach ...

5 Most Important Events for the Forex Market This Week

Monday, May 5th, 2008

Written by Terri Belkas, Currency Analyst Following a week of major US economic indicators, the only significant release pertinent for the US Dollar specifically this week will be ISM Services, which could be surprisingly strong. Meanwhile, employment data out of Australia and Canada could shake up ...

British Pound Shuns Economic Data

Friday, May 2nd, 2008

Written by Kathy Lien, Chief Strategist of DailyFX.com This week, economic data has had zero impact on the British pound. Over the past few days, the currency pair managed to rally on weaker economic data and today it sold off despite a smaller drop in manufacturing PMI.? The ...