Action Insight Mid-Day Report Dollar Hovers Near Record Low Dollar continues to hover near record low against Euro despite stronger than expected personal income and spending growth in Jan. though, some profit taking is seen in Aussie and Loonie. On the other hand, the Japanese yen remains firm, supported by carry trade unwinding. Personal income rose 0.3% in Jan, while spending rose 0.4%. Both are better than consensus of 0.2% rise. Regarding inflation, headline PCE was up from 3.6% yoy to
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Friday, February 29th, 2008 at 5:13 pm
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