US Market Update

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03-01-2010, 08:53 PM

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US Market Update

Sterling entered the New York session morning with market sentiment heavily skewed to the downside on continued weakness attributed to M&A flows from Prudential's purchase of AIG's AIA unit. GBP/USD gapped to test 1.4785 before retracing to the 1.4930 area. The stronger Canadian GDP data helped the loonie firm up....

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