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21 de septiembre 2007 - 00:00

Two global booms: one helps, the other complicates

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Euro development
Strong resets are taking place after Fed rate trim. One of the main trends involves sharp dollar fall and its other side, expressed in new all-time records of euro, gold and oil. This situation favours Argentina, lowering rates. Commodities, like oil, corn and soy, also posted strong increases. This guarantees greater dollar inflow thanks to exports, but it entails grave risks. Apart from inflation promoted by the erratic official policy, there's greater pressure due to foreign prices.

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