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USD Trading Outlook (18-11-2010)

U.S. Dollar Trading (USD) Quiet but nervous markets yesterday as focus on China tightening and Eurozone bailouts kept traders on the sidelines. US data was weaker than expected with Oct Housing Starts falling -11.7% m/m. October CPI jumped 0.2% m/m whilst Core CPI was flat. In US stocks, DJIA -15 points closing at 11007, S&amp P +0 points closing at 1178 and NASDAQ +6 points closing at 2476. Looking ahead, Weekly Jobless Claims are forecast at 44k vs. 435k previously.

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