Quiet week ahead

Review: Excellent US job report set the agenda The US: Employment figures surprised considerably and strengthened USD. The good US job report on Friday (+236K against the estimate of +165K) strengthened the USD. EURUSD was 131 at the time of the announcement but declined to 130 in the wake of the release. The unemployment rate declined from 7.9% to 7.7% (expected unchanged). The devel-opment will support the Fed-members who want a fast and partial withdrawal of QE3. If the trend in the US

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Quiet week ahead

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