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It is doubtful the market tried to factor in the possibility of the Fed raising rates this year on the inflation number, but the Fed is 'data dependent' so it reacts positively to upbeat data, nowotny's comments also hurt the euro, so the stage was set for participants to cover shorts in the dollar.

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    In which movie does this quote appear: "I don't like violence, Tom. I'm a businessman; blood is a big expense"?
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