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USD Trading Outlook (25-07-2011)

U.S. Dollar Trading (US) the market is now turning its attention to the developing US debt ceiling crisis with time running out on a deal between the President and Republicans. The USD found some support on profit taking in the Euro with the market cautious that a new US debt issue will cause more volatility. In US stocks, DJIA -43 points closing at 12681, S&amp P +1 points closing at 1345 and NASDAQ +24 points closing at 2858. Looking ahead, traders closely watching the Debt ceiling debate.

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