04.06.2008 22:53

Bank of New York before ECB and BOE meetings


Michael Woolfolk, economist at Bank of New York at Thomson Financial News - "While a positive surprise to Friday's payrolls appears increasingly likely, there is a understandable element of caution ahead of tomorrow's ECB and BOE meetings. Once this event risk has passed, expect the dollar to gain ground on the recent positive US data and in anticipation of a positive surprise to non-farm payrolls."






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