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USD Trading Outlook (17-02-2011)

U.S. Dollar Trading (USD) with stock markets being well supported on dips and risk sentiment remaining strong the Dollar was on the back foot for most of the day. FOMC Minutes showed some improvement on the economic growth outlook but concerns still remain on unemployment. In US stocks, DJIA +61 points closing at 12288, S&amp P +8 points closing at 1328 and NASDAQ +21 points closing at 2825. Looking ahead, Weekly Jobless Claims are forecast at 400k vs. 383k previously.

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