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USD Trading Outlook (03-10-2011)

U.S. Dollar Trading (US) the USD finished the month and the quarter on a strong footing with safe haven demand on fresh risk aversion. Stocks fell heavily in the US session with fears that the debt crisis in Europe is going to drag the US and Global economy into recession. Chicago PMI forecast at 60.4 vs. 56.5 previously. In US stocks, DJIA -240 points closing at 10913, S&amp P -28 points closing at 1131 and NASDAQ -65 points closing at 2415. Looking ahead, September ISM Manufacturing forecast at 50.3 vs. 50.6 previously.

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