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Finally, we get a directional move in FX that makes a statement and takes out key levels. The USD today took out the first major supports in EURUSD, GBPUSD and AUDUSD and we look at the odds for this move to continue in the days ahead as the market may be rediscovering the concept of risk.
17:04 minutes
Tags: AUD, Auction, Balance, CAD, EUR, GBP, JPY, NOK, QE2, RBNZ, Saudi, Trade, Treasury, USD, claims, forex, jobless, johnjhardy, oil, reutersfx