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USD Trading Outlook (10-08-2011)

U.S. Dollar Trading (US) the panic in the markets was caught and relief flooded in after the FOMC statement stated interest rates would be held low for at least 2 years. The defined time period help create investor confidence and the Dow Jones rallied 600 points from lows. The Dollar and in particular the USD/CHF reacted sharply, falling to all time lows under 0.71 before stabilizing. In US stocks on Friday, DJIA +429 &nbsp points closing at 10239, S&amp P +53 points closing at 1172 and NASDAQ +124 points closing at 2482. Looking ahead, Crude Oil Inventories Forecast.

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