USD Trading Outlook (01-11-2013)
The EUR finally started to move overnight after lower than expected CPI and higher than expected unemployment put further easing policies back on the table. The falling EUR/USD had a knock-on effect on other major pairs and AUD/USD fell to test the previous day’s lows below .9450. Australian PPI data will be followed at lunch-time by HSBC Chinese manufacturing PMI so we should have a fairly busy day.
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