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Thursday, August 2, 2012

Fed Outcome Spurs The Greenback On To A New High

The US Dollar got off to a great start in early trading on Thursday going on to hit a 1-week high after the Fed opted not to offer any new stimulus packages.
This move leaves the European Central Bank (ECB) to bear the burden of stabilizing the Euro Zone economy.
The Dollar gained across the board but the Fed did not write off further bond-buying just yet, and this that might help spur on further economic recovery. Time will tell.

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