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Forex Radio - Ivey PMI Sparks Canadian Dollar Rally, Upcoming US Data Likely To Weaken Further

Tuesday, 06 May 2008 21:01:14 GMT

Written by Terri Belkas and John Kicklighter, Currency Analysts

 ·          Canadian Ivey PMI falls less than expected, helping the Canadian dollar surge against the greenback.
 ·          The Reserve Bank of Australia left rates steady yesterday at 7.25% - will they continue to do so this year?

Stories to watch on DailyFX

·          What will move the markets this week? Find out the Top 5 Most Important Events. Next up: Australian Employment Data.
·          What has ECB President Trichet said lately to suggest he will leave rates steady on Thursday? Find out in Central Bank Speak.

We love feedback! Send any comments or suggestions to tbelkas@dailyfx.com or jkicklighter@dailyfx.com

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