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USD Trading Outlook (18-02-2011)

U.S. Dollar Trading (USD) fresh year highs in US Equities sent the dollar down again across the board. US economic data was very mixed with Weekly Jobless Claims jumping to 410k (vs. 383k previously) being offset by the large spike in February Philly Fed Index up 20 points to 35.9. In US stocks, DJIA +29 points closing at 12318, S&amp P +4 points closing at 1340 and NASDAQ +6 points closing at 2831. Looking ahead, Fed Chairman Bernanke Speaks Before Congress. Also US Treasury Secretary Geithner Speaks.

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