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USD Trading Outlook (03-11-2011)

U.S. Dollar Trading (USD) a slight reprieve was seen around the world with European and US stocks reporting modest gains. The FOMC held at 0.25% but Fed Chief Bernanke did signal the bank was able to support the economy if growth faltered and that Housing asset purchases were possible. In US stocks, DJIA +178 points closing at 11836, S&amp P +19 points closing at 1237 and NASDAQ +33 points closing at 2639. Looking ahead, Weekly Jobless Claims forecast at 400k vs. 402k previously. G20 meeting starts today.

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