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USD Trading Outlook (17-08-2011)

U.S. Dollar Trading (US) disappointing economic growth from the Eurozone saw weakness flow through across global markets with stocks pulling back in Europe and US. US July Housing Starts fell -1.5% m/m and July Industrial Production gained 0.9% vs. 0.5% forecast. In US stocks on Friday, DJIA -76 points closing at 11405, S&amp P -11 points closing at 1192 and NASDAQ -31 points closing at 2523. Looking ahead, July PPI forecast at 1.6% vs. 1.8% previously.

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