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USD Trading Outlook (23-10-2013)

The FX market finally kicked into gear again after overnight US jobs data convinced the market that any tapering by the new Fed Chairperson isn’t likely to happen anytime soon. The USD fell across the board and risk trades like the Yen crosses were bought heavily. The AUD has surprisingly underperformed a little but this could be because it had already made a lot of gains in previous week and is starting to tire. The main event on today’s calendar will be the CPI data but I can’t imagine it affecting the interest rate debate.

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