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Weekly FX Focus: 30 January to 03 February 2012

30 January 2012

The Fed made it loud and clear that it does not intend to risk undercutting growth with a premature unwinding of accommodative monetary policy, and that the low interest rate environment will be with us until late 2014. As a result, the USD declined against the majors. With its first meeting of the year over, the focus of the US will be on the abour market. We will get an early glimpse of the state of he US labour market on Wednesday with the release of the ADP employment report.

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