Thursday March 10, 2005 - 15:06:04 GMT
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FX Today - www.fxtoday.co.uk
Countdown to trade data
There is still the risk of profit taking on commodity currencies with volatility remaining high over the next 24 hours.
US jobless clams rose more than expected to 327,000 from 310,000, but this is unlikely to have a major impact with the markets counting down to the trade data on Friday. Underlying dollar sentiment remains weak, but there is scope for profit taking on long Euro positions which will offer some support to the US currency. Dollar rallies will still be limited.
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