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USD Trading Outlook (27-02-2014)

The Australian Dollar (AUD): Report showed that the early sell off in Asia session yesterday was created by a UK seller. The pair gained back to around 0.9025 as Europe session started but as the USD went bid and emerging currencies were soft, the NY bears increased pressure on the pair and had it below Asia’s low. Main focus for today will be the Capital expenditure data due at 00:30 GMT, market will be looking for the service sector to make up for big decline in mining investments.

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