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Monday, January 4, 2010

Commodity Currencies Strengthen in Manufacturing Day

Commodity currencies take the lead in the first trading day of 2010 and rally broadly, with the help of firmness in crude oil and gold.

Dollar is a touch softer in early European session but remains in range against European majors.

Japanese yen tried to stage recovery earlier today on weakness in Asian stocks but fades as the day goes.

Manufacturing data will be the main focus today with finalized PMI manufacturing data from Eurozone, UK PMI manufacturing and US ISM manufacturing featured.


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