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USD Trading Outlook (09-11-2011)

U.S. Dollar Trading (USD) the USD lost ground as global stock markets rallied on reports that the Italian PM would resign after new austerity measures are passed. Light economic data releases this week are letting the European headlines set market direction with Italy Bonds now closely watch as they hit fresh all time highs above 6.743%. In US stocks, DJIA +101 points closing at 12170, S&P +14 points closing at 1274 and NASDAQ +32 points closing at 2727. Looking ahead, FED Chairman Bernanke speaks.

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