The growth of the ETF industry reflects an increasing awareness and understanding of exchange traded funds, as well as the trendiness of the instrument.

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Jon Nadler, Senior Metals Analyst at Kitco Metals said that, on a day when the metals complex was witnessing losses in all but palladium and rhodium the 6.81% intra-day gain in the latter was most likely indicative of the possible effects of the creation and launch of the Deutsche Bank exchange-traded instrument.

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"Exchange-rate policy is, from our point of view, not an appropriate instrument to increase competitiveness, " said German government spokesman Steffen Seibert.

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The most potent criticism is that aiming for exchange-rate stability compromises the central bank in its task of controlling inflation one instrument (monetary policy) is being asked to do two things.

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Most family lawyers of my acquaintance, as well as the majority of divorced couples, would acknowledge that the exchange of money at the time of divorce serves as a means to salve wounds or an instrument of revenge against disappointing spouses.

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