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USD Trading Outlook (22-03-2011)

U.S. Dollar Trading (USD) was under pressure against all currencies except the Yen as markets around the world extended Friday&rsquo s rally. Oil spiked higher on Monday morning after the Libyan bombing by allied forces to enforce a no fly zone over the weekend. February Existing Home Sales fell -9.6%. In US stocks, DJIA +178 points closing at 12036, S&amp P +19 points closing at 1298 and NASDAQ +48 points closing at 2692. Looking ahead, US Treasury Secretary Speaks.

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