USD Trading Outlook (11-04-2012)

U.S. Dollar Trading (USD) traders sold heavily on Tuesday with the weak US jobs numbers combining with increasing European Bond Yields. Fears are rising that the Debt crisis might storm back into the markets with Spanish and Italian budgets both under pressure and recessions forecasted for most austerity hit EU countries. Looking ahead, Crude Oil Inventories forecast at 2mn vs. 9mn barrels the week before.

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