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USD Trading Outlook (20-10-2011)

U.S. Dollar Trading (USD) more mixed trading at highs overnight with stocks doing well in the European session but reversing later in the US session with concerns that France and Germany were at loggerheads over certain parts of the Grand Plan bailout. September CPI increased 0.3% m/m as forecast. In US stocks, DJIA -72 points closing at 11504, S&amp P -15 points closing at 1210 and NASDAQ -53 points closing at 2653. Looking ahead, Weekly Jobless Claims forecast at 400k vs. 404k previously.

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