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-"Roughly a year
and a half ago, crude was trading at all time highs and funds were well
long. The day Chinese interest rates were raised the market dumped about
$3/barrel and there is a feeling that we are in a very similar situation."
- A London based broker discussing the
impact the Chinese hike in interest rates will have on the market.
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"The Iranian
nation's achievement of peaceful nuclear energy is so important that it
could change the world equation. The Islamic republic of Iran has the
capacity to quickly become a world superpower if we believe in ourselves...
no other power can be compared to us."
Iranian President Mahmoud Ahmadinejad.
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"The Fed
chairman's remarks were not something the market had expected as recent
economic indicators have shown a solid US economy."
Satoshi Okagawa, a senior forex trader at
Sumitomo Mitsui Banking Corporation after Ben Bernanke told a Congressional
committee the US central bank's policymaking committee may decide "at some
point in the future" to call a pause to its rate hike campaign.
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