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February 22, 2005
Dollar down, CPI data tomorrow
The Bank of Korea (home of the world's fourth largest reserves) signals a desire to diversify. UPDATE: Brad Setser has more.
Tomorrow brings the release of the January CPI, so it will probably be a quiet day for the dollar as traders await tomorrow's news. This will give us more of a clue as to which way the Fed might be heading at the next two or three meetings.
Posted by William Polley at February 22, 2005 10:11 AM
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