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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (89935)8/26/2009 9:15:39 PM
From: ayn rand  Read Replies (1) of 94695
 
Commodities countries first in line to hike rates

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A far-flung group of countries that have benefited from rebounding commodities prices is getting ready to raise benchmark interest rates before the United States, Europe and some other major, developed countries, economists say.

Those rate hikes are likely to give fresh momentum to five-month rallies to the Australian, Canadian and New Zealand dollars, as well as the Norwegian krone, while weighing on the U.S. dollar, the Japanese yen and, to a lesser extent, the euro.

On Monday, Israel kicked off what's expected to a round of hikes by larger central banks, surprising markets by raising its benchmark rate by a quarter-percentage point, to 0.75%.

marketwatch.com
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