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USD Trading Outlook (15-02-2012)

U.S. Dollar Trading (USD) volatility dominated the markets yesterday with the Moody European downgrades causing risk aversion in Asia and this rolled into the US session after economic data missed expectations. January Retail Sales came in at 0.4% vs. 0.7% forecast. Markets did bounce off lows into the close of the US session however after the announcement all the Greek leaders had signed up to implementing agreed Austerity commitments after the upcoming elections.

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