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FX Update: NY Outlook

Posted:25/11/2008 12:37 by Peter Burnside
The dollar recovered marginally in overnight trade, taking back some of its recent losses versus the euro and the pound in particular, as global equities stumbled after two days of gains. A softer commodity backdrop weighed on the CAD and AUD, while USD/JPY slipped as risk trades came undone to a degree. Tuesday's US economic calendar has preliminary Q3 GDP at 8:30 EST, the S&P/Case-Shiller home price index for October at 9:00 EST, followed by November consumer confidence at 10:00 EST. click here to return to the top of the page
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