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Wednesday, April 12, 2006

FX Closing Comments

Today's better than expected trade data set the Dollar on a firm footing throughout the session, although the gains were small. The British Pound, however, remained more resilient than most, possibly in response the brisk personal earnings report, which was unveiled earlier in the day. Tomorrow will bring the U.S. weekly jobs report and the more significant retails sales report, which should essentially bring an end to this holiday-shortened week.