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Friday, 15 April 2011

Action Insight Mid-Day Report 4-15-11

Mid-Day Report: Dollar Steady after Data, Euro Lower on Ireland Downgrade

Dollar remains steadily in range in early US session after data shows stronger than expected inflation reading in March. CPI rose to 2.7% yoy versus expectation of 2.6% yoy, highest reading since December 2009 and a sharp jump from February's 2.1% yoy. Empire stat manufacturing index beat expectation and rose to 21.7 in March. TIC capital flow dropped to 26.9B in February. Industrial production rose 0.8% in March, better than consensus of 0.6%.

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