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ForexLive North American Wrap: Services ISM Near Expectations

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ForexLive North American Wrap: Services ISM Near Expectations

ISM Oct non-manufacturing index 54.2 vs 54.5 exp
RTRS: Greek bailout deal not expected Nov 12
Canadian Sept building permits -13.2% vs -3.0% exp
Greek austerity bill submitted to parliament
G20 draft statement leaked, no one cares
Spain blocks Mersch from ECB board
US retailers upbeat in holiday sales survey
Romney adviser talks hawkish
Spanish FinMin: Will make bailout decision when ready
Nowotny goes rogue
S&P 500 gains 0.2% to 1417

Early rumors of a Spanish downgrade early in the day never gained traction. The market was stuck in neutral with EUR/USD ranging between 1.2768 and 1.2794 in US trading.

Cable edged to a session low below 1.5960 but was only able to press a few pips lower. Afterwards, it was back in the 1.5980/60 range.

USD/JPY hit some minor stops below 1.2775 but quickly rebounded.

Gold +$8 to $1684.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: News Forex Global Markets

 

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