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USD Trading Outlook (08-03-2012)

U.S. Dollar Trading (USD) stocks enjoyed solid gains for the first time this week overnight as the Greece swap deal approached its deadline today and more of the private sector indicated they would agree to the new terms. The US February ADP employment report came in as 216k vs. 170k previously and adds to the expectations that Friday’s Nonfarm report will show another solid number. Looking ahead, Weekly Jobless Claims forecast at 351k vs. 351k previously.

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