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Thursday, April 13, 2006

FX Closing Comments

FX pairs were once again restrained, as we complete a holiday-shortened week in the U.S. With little news hitting the market, Dollar bulls and bears alike were holding steady. Next week will provide housing start data, which has been closely eyed for signs of softness. Thus far, the housing data has been surprisingly firm overall, though warm winter temperatures across much of the U.S. is seen as skewing the data. Both consumer and producer inflation data is also set for release next week.