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Forex Video | News Trade Alert | January 6, 2009

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Tuesday’s release of results from the latest non-manufacturing purchasing manager surveys in the UK and US might draw some attention prior to Tuesday’s London close, but it’s likely that further contraction of the services sectors in those countries is already baked in. Although the release of Eurostat’s flash estimate for euro area CPI is not typically known for sparking volatility on the euro, a downside surprise from that report could weigh on the common currency.

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