USD Trading Outlook (11-10-2013)
Reports started to emerge from the US yesterday afternoon that a debt-deal of sorts might soon be signed and postpone any talk of an imminent default. This led to a surge in typical ‘risk-on’ trades like AUD/JPY. Today will be all about positional adjustment ahead of the weekend. There isn’t much of note on today’s economic calendar but we will need to be wary of juicy headlines on the newswires relating to the debt negotiations. The G20 FinMins are also meeting today.
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