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January 2007
II Pensions Weekly
Positive manufacturing and employment data releases Wednesday were responsible for the spot move and with non-farm payrolls due Friday, fx investors were looking to pickup gains from further volatility, traders reported.
One-week implied volatility on EUR/USD was at 7.75% at close of trading Wednesday, compared with 7% going into the holiday period. In the spot market, the pair was at USD1.3170
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