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04/08/2008, 15h02
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Short gain for USD as investors focuses more on rate decisions.
Small move for the dollar after higher than expected reports on key US inflation mesure for June. EUR/USD traded down to 1.5554 from 1.5576 now back again to 1.5574.
GBP/USD traded lower testing today's second support 1.9653 after the report and jumped back to 1.9663 now. Earlier today GBP fell against USD after the report that HSBC reported a fall in its first half profit. $14 billion on bad debts on US home loans and assets writedowns wiped off the strong Asian growth. Many people awaits the rate decisions from the Fed and the ECB. Experts are expecting that both the Fed and ECB to keep the rates unchanged.  
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