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Thursday, December 08, 2005

NZD/JPY: The End Of The Affair?

Strong Dollar-based trends have been hard to come by this week. Without any meaningful data flow and dealers reporting low volumes, trade has been choppy and often directionless for the Dollar. The question mark about Homeland Investment Flows continues to hover over the market, but few can say with certainty if significant last-minute repatriations are likely -- or if they have dried up.
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