USD Trading Outlook (09-10-2013)

The FX market remains in Limbo as the US government shutdown continues and the countdown towards October 17th, and a possible US government default on some debt obligations, ticks away. There was some movement in crosses like GBP/AUD as traders preferred to trade non-USD pairs. Australian consumer confidence data might be good for a bit of volatility but I think we can expect another quiet session (unless the large reported stops in USD/JPY below 96.50 go off).

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