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Biggest % gainers: USD/CAD up 1.52%, USD/CHF up 1.12% on dollar strength.

Biggest % losers: NZD/USD down 1.69%, EUR/USD down 1.05%, CHF/JPY, AUD/USD, EUR/JPY, AUD/JPY on USD & JPY strength. NZD CPI came in worse yesterday which toned down the thought of rate hikes.

Oil $77.87
Gold $1,120

USD & JPY up as China curbs lending once again! Yen, Dollar Rise, Stocks Fall as China Curbs Bank Lending - Bloomberg.com

Some also speculate that the dollar is rallying as a Republican wins the Mass. seat which hurts the passage of Obama's health plan. Remember, currencies don't like major changes, especially when they could be an economic weight upon an economy. News is boosting ...

Biggest % gainers: USD/CHF up 0.79%, GBP/CHF, USD/CAD, AUD/CHF on mild CHF weakness & mild USD strength.

Biggest % losers: EUR/JPY down 1.06%, CHF/JPY, EUR/USD, AUD/JPY, EUR/CAD, EUR/GBP on EUR weakness and JPY strength. Rumors are floating around that Germany's Merkel could resign.

Potential for more Greece, Spain woes and the thought of the U.K. ending its asset purchase program could drive EUR/GBP lower: http://www.bloomberg.com/apps/news?p...d=a_zjJMya36Vo

Some car plants in China run almost 24 hours a day and still can't keep up with demand: http://www.bloomberg.com/apps/news?p...d=av3dPlponcBw

Trichet puts more pressure on Greece: http://www.bloomberg.com/apps/news?p...d=aiHh.w3BFveo ...

Biggest % gainers: GBP/JPY up 1.01%, EUR/JPY, AUD/JPY on JPY weakness.

Biggest % losers: USD/CAD down 0.55%, USD/CHF on mild USD weakness.

Oil $80.23
Gold $1,133

Comments from BOE's Andrew Sentance stoking the pound this morning as he said, "interest rates may have to increase this year". Pound Rises as Bank of England Comment Fuels Rate-Increase Bets - Bloomberg.com

GBP Manufacturing Production m/m worse at 0% vs. 0.3% expected and 0% last time.

USD Beige Book comes out at 2pm EST (Fed's assessment of economic conditions). Comes out two weeks before the next rate decision.

NZD Building Consents m/m out tonight at 4:45pm EST.
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Biggest % gainers: USD/CAD up 0.55%, EUR/CAD on CAD on mild CAD weakness. Nothing up big-time.

Biggest % losers: This is where the momentum is... AUD/JPY down 1.62%, EUR/JPY down 1.08%, USD/JPY, CHF/JPY on fairly strong yen move. Japan is coming off of a bank holiday and the yen has rallied almost ever since.

Abu Dhabi buys a 10% stake in the UFC (Ultimate Fighting Championship).

Oil $80.88 one of the reasons why CAD is weak this morning...oil (CAD Trade Deficit is the other).
Gold $1,146

Alcoa announced weaker earnings...blamed things like the weaker dollar to euro (stronger EUR/USD) exchange rate as part of the reason for the weaker earnings.

China forces ...