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The USD dollar bearish sentiment managed to improve on Thursday and Friday last week, albeit slowly. In my opinion, the scheduled major economic events, such as the interest rate decisions and hints by the central bankers later this week, will basically decide the fate of the USD direction for the rest of this month.
Tuesday - 8 Jan (quoted in UK time)
3.00 pm USD Pending Home Sales
Wednesday - 9 Jan
1.15 pm CAD Housing Start
Thursday - 10 Jan
12.00 pm GBP Interest Rate Statement
12.45 pm EUR Interest Rate Statement
1.30 pm EUR ECB President Trichet Speaks
6.00 pm USD Fed Chairman Bernanke Speaks
Friday - 11 Jan
9.30 am GBP Industrial Production
12.00 pm CAD Employment Change
1.30 pm USD Trad Balance
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