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Stagflation Concerns Confound USD Investors
As investors watch the U.S. economy, they will be looking for rising inflation (particularly with this week's PCE number) and for slowing growth (as today's lower Empire State Business Conditions Index number). If you see those two things, you know stagflation---something Alan Greenspan said we are seeing the beginnings of---is looming. While higher-than-expected TIC (Treasury International Capital) numbers today and rising yields on its 10-year notes boosted the USD, investors are trying to look forward into next year to see what the USD is going to do. To see how the most important fundamental factors and some technical pressures are going to affect USD-based currency pairs, click on any of the following links: [B]EUR/USD: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1360[/url] [B]GBP/USD: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1361[/url] [B]USD/CHF: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1362[/url] [B]USD/JPY: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1363[/url] [B]USD/CAD: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1364[/url] [B]AUD/USD:[/B] [url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1365[/url] [B]NZD/USD: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1366[/url] You can also see a full fundamental and technical analysis on the following crosses: [B]GBP/JPY: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1367[/url] [B]EUR/JPY: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1368[/url] [B]AUD/JPY:[/B] [url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1369[/url] [B]NZD/JPY: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1370[/url] [B]CAD/JPY: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1371[/url] [B]EUR/GBP: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1372[/url] [B]EUR/CHF: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1373[/url] [B]GBP/CHF: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1374[/url] [B]EUR/CAD: [/B][url]http://pfxglobal.com/index.php?option=com_content&task=view&id=1424[/url]