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USD Trading Outlook (27-05-2011)

U.S. Dollar Trading (US) both data releases disappointed with US Q1 GDP unchanged at 1.8% and Weekly Jobless Claims creeping higher to 424k vs. 400k forecast. Stocks dipped but ended higher with a large rally towards the end of the day. In US stocks, DJIA +36 points closing at 12394, S&amp P +4 points closing at 1320 and NASDAQ +20 points closing at 2746. Looking ahead, G8 Meetings All day. May UoM Sentiment forecast at 72.4 vs. 72.4 previously.

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