| Published: January 6, 2009 7:53 AM | | | It was a dose of déjà vu in the London session as, much like yesterday, the euro was pummeled. The big number out of the eurozone was the consumer price estimate for December and it came in below expectations at 1.6%, and is a sharp decline from the 2.1% run-rate in November. This leaves the door wide open for the ECB to cut rates in size later this month as the inflation argument continues to become less compelling. » Read More | |
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