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Currency markets now sit in a holding...>

EURO-DOLLAR
EURO-DOLLAR: Currency markets now sit in a holding pattern with EUR/USD,
GBP/USD, AUD/USD and others sitting just below earlier session highs. Despite
the USD rallying sharply on the higher-than-expected CPI figures, a number of
dealers have already revised lower their Q1 GDP expectations for the US on the
back of the particularly poor retail sales release. So far, Morgan Stanley,
Barclays, BofA, JPM and even the Atlanta Fed have revised down their growth
projections.

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