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The latest wholesale price index, PPI, was up .4%. This is measure of inflation at the wholesale level. At the same time, retail sales fell 1.2% cont[...]
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Even though the euro zone PPI showed improvement, it was still not as high as expected. Concerns about economic slowdown in the euro zone remain.
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EUR/USD dropped today after Moody’s Investors Service cut Portugal’s credit rating from A1 today to A3 today.
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