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                  05 February 2010

                  FX Update: US Employment Data - does the market really care?

                  John J. Hardy, FX Consultant, Saxo Bank

                  US employment report is mixed to slightly positive, but is the market even focusing on data at the moment? If risk does manage to rally, will be interesting to watch the USD's behavior. If we continue to sell off, then the USD and JPY are likely to continue to benefit.
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