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FX Radio: Dollar Losses May Consolidate Today As Emergency Rate Cut Rumors Lead EUR/USD Above 1.4820

Monday, 14 January 2008 11:33:27 GMT

Written by Terri Belkas, Currency Analyst

Click Link to Listen to our Morning DailyFX Radio PodCast:

http://media.dailyfx.com/podcasts/FXRadioAM011408.mp3

Key Points

· The US Dollar started out the week on a dour note on emergency rate cut rumors (See the Daily Market Brief for more on this.)

· While EUR/USD may consolidate gains in the 1.4820 - 1.49 area, Tuesday presents major event risk for the US Dollar. (See Cross Market Reactions for more).

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terri_belkas_1
   Terri Belkas

Tell us what you think about the DailyFX Podcasts! E-mail tbelkas@dailyfx.com

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