The USD was broadly unchanged against the majors in the London session as the lack of any noteworthy economic events likely has the market squarely focused on US earnings and housing data out in the NY morning. Bank earnings out today will be critical for confidence as the market continues to grapple with the potential for worsening credit market turmoil. EUR/USD opened London trading near 1.5855 and closed just a touch lower near the 1.5850 area. Housing starts and jobless claims
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