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ForexLive US wrap: Frist close below 1.3500 in over a month

|Includes: CurrencyShares Euro Trust ETF (FXE), FXF, UUP
  • US CPI falls 0.1% in October; core rises 0.1%
  • US industrial production rises 0.7% in October; Capacity use 77.8%, highest since July 2008
  • US attracts $68.6 bln in net foreign investment in September in wake of S&P downgrade, Europe turmoil
  • Irish PM: Only the ECB has capacity to provide a firewall for Europe
  • BBG: ECB buying Italian and Spanish debt almost exclusively
  • Nat’l Assoc of Homebuilders index rises to 20 from 17 in October
  • Troika says to approve EUR 8 bln payment to Portugal after passing inspection
  • Monti sworn is as PM; to face confidence vote on Thursday evening
  • Greek PM: Crisis has spread from periphery of Europe to the core
  • Papademos wins confidence vote 255-38
  • Eurogroup’s Juncker: Germany’s debt level worrying; larger than Spain’s
  • Greek budget deficit rises 11% in first 10 months of year versus a year ago
  • French FinMin: ECB support is best way to combat crisis
  • IMF European section head Borges resigns effective immediately
  • Fitch: Euro zone contagion, if it worsens, poses risk to US bank ratings
  • WSJ: European banks having USD funding problems on a par with late 2008
  • Spanish FinMin says won’t meet GDP targets for 2011 but rules out need for a bailout
  • S&P 500 falls 1.7% to 1237
  • US 10-year note closes at 2.00% yield, down 5 bp; Italy steady at 7%
  • WTI rises $2.35 to $101.72; gold falls $18 to $1763