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Grace Cheng

A topsy turvy day

By Grace Cheng on September 18, 2006 | More Posts By Grace Cheng | Author's Website

Did the shockingly poor US TICS data scare dollar bulls? Apparently not. Net foreign purchases of US securities came in at $32.9 billion in July, the lowest level in more than a year, and fell 56% from last month. This report is widely expected by the forex market as it is considered a rough signal about capital flows. US dollar bulls got their

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