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RBC note US equities are down 1.6% so far.....>

FOREX
FOREX: RBC note US equities are down 1.6% so far in February and their month-end
hedging model is likely to send USD buying signals today. Unless there is a
significant rally today, the model will go long USD against GBP, CAD, AUD and
NOK at the NY close today, with positions held to tomorrow's close. Our trade of
the week is short GBP/USD partly for this reason.

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