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Lastly, German exporters, having been big beneficiaries of a more stable single currency, would howl at being landed once again with a sharply rising D-mark.
ECONOMIST: The future of the euro
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The daily chart of XLI appears to show a rising wedge formation, lines c and d.
FORBES: 2 Key Sectors Top Out
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The sponsor of the Card Act, Rep. Carolyn Maloney (D-NY), said that despite the rising rates, the law benefits consumers because it eliminates unwelcome surprises and provides them with a clear picture of the costs they will face.
WSJ: Credit Cards Are Exception to Lower Consumer Rates