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USD Bulls Focus on ADP & Fed Speakers
USD strengthened in the Asian trading as regional equity indices dropped and risk sentiment declined. With no real headlines or data points, its looks as if the primary culprit for the erosion in confidence was the reaction to the 3-yr €78 bn Portugal bailout agreement with the EU/IMF. While on first glance the news should have been heralded as a solution, with further examination the deal... ...More...
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