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USD Trading Outlook (24-02-2011)

U.S. Dollar Trading (USD) stock markets took another leg lower on growing civil war fears in Libya with &nbsp chaos spreading in the middle east. The usual safe haven demand seen for the USD was absent yesterday as investors flooded into the Swiss Franc which hit record lows at 0.9310. In US stocks, DJIA -107 points closing at 12105, S&amp P -8 points closing at 1307 and NASDAQ -33 points closing at 2722. Looking ahead, Weekly Jobless Claims are forecast at 400k vs. 410k previously. Also released, January New Home Sales forecast at 0.31mln vs. 0.33mln previously.

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