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USD Trading Outlook (16-05-2011)

U.S. Dollar Trading (USD) heavy stock market selling and more analysts joining the downside call helped the USD to fresh month highs on Friday. The commodities led correction has been in play for most of the week and more downside is seen with Fresh IMF issues over the weekend. In US stocks, DJIA -100 points closing at 12595, S&amp P -10 points closing at 1337 and NASDAQ -34 points closing at 2828. Looking ahead, May Housing Index forecast at 17 vs. 16.

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