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Dollar direction ahead of Bernankes statement

Stocks during the US session and again in Asia showing bullish tones once again. Bernankes comments in the WSJ that there will be no exit from the QE programme anytime soon will certainly affect the trading today. The risk appetite currencies having come off highs of 1.6550 for the cable and 1.4250 for eurodollar. Equities in Europe up this morning marginally however already seen a sell off from the risks where cable is trading at 1.6449 at time of writing, eurodollar hitting lows of 1.4185/90,


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