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USD Trading Outlook (08-02-2011)

U.S. Dollar Trading (USD) risk appetite remained strong as stock markets pushed fresh highs but the USD was able to maintain strength as selling in Asia was bought back hard in the European session. Helping the Dollar rally was the sharp drop in Oil on stabilizing middle east concerns. In US stocks, DJIA +69 points closing at 12161, S&amp P +8 points closing at 1319 and NASDAQ +14 points closing at 2783. Looking ahead, FOMC Member Fisher Speaks.

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