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Forex in 60 Seconds - US Dollar, Equities Rally On JP Morgan Earnings, But Disappointing Google, Merrill Lynch News May Reverse The Moves On Friday

Thursday, 17 July 2008 22:19:47 GMT

Written by Terri Belkas, Currency Analyst

 ·          US housing starts, building permits surge - why was this misleading?
 ·          Japanese yen cross, equities rally as JP Morgan profits fall less than expected, but will disappointing Google, Merrill Lynch Q2 reports reverse the moves?
Stories to watch on DailyFX

·          Fed Chairman Bernanke, Treasury Secretary Paulson express support for Freddie Mac and Fannie May - will throwing money around work?
·          German producer prices will be released on Friday morning - how will this impact EUR/USD?

Send any comments or questions to tbelkas@dailyfx.com

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