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FX Street - New York Session

The NY session witnessed some very mixed price action as better economic data could not calm fears about more financial woes and swine flu concerns continued to lurk. US consumer confidence jumped to a much higher than expected 39.2 in April from 26.9 prior. The expectations component also showed a marked improvement and this bodes well for consumer spending going forward. News that two major US banks will need more capital (one estimated as needing $50 billion or more) and some new cases of
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