Free Republic 4th Qtr 2026 Fundraising Target: $60,000 Receipts & Pledges to-date: $12,849
21%  
Woo hoo!! And now only $351 to reach 22%!! Thank you all very much!! God bless.

Keyword: revaluate

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  • Dollar rally flags before inflation data [Dollar is falling again.]

    05/18/2005 4:04:34 PM PDT · by familyop · 11 replies · 453+ views
    Reuters ^ | 18MAY05 | Sabyasachi Mitra
    LONDON (Reuters) - The two-week dollar rally ran out of steam in European trade on Wednesday as investors awaited U.S. consumer inflation data which could reinforce expectations that U.S. interest rates are set to rise steadily. Earlier during the session, the greenback hit seven-month highs against an index of currencies. Investors were caught off guard after the Hong Kong Monetary Authority said it would tweak the territory's currency peg to fend off upward pressure on the Hong Kong dollar from speculation over possible revaluation of the Chinese yuan. The HKMA said it would refine the operation of its exchange rate...