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USD Trading Outlook (04-04-2012)

U.S. Dollar Trading (USD) the USD gained heavily overnight after the release of the February FOMC Meeting minutes pointed to more members moving away from the QE3 support. A strong March Nonfarm Payrolls this Friday would help confirm this and add to the USD strength. Gold showed the biggest reaction with a big part of the bullish outlook related to continued QE from the US central bank this year. Looking ahead, March ISM Services forecast at 57 vs. 57.3 previously.

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