USD Trading Outlook (08-06-2012)

U.S. Dollar Trading (USD) stocks enjoyed another day of gains even as Fed Chief Bernanke was quiet on QE3 with investors remained upbeat after China cut interest rates to spur slowing growth. Bernanke noted the FED was ready to act if necessary but that rates were already low and the US budget deficit was at unsustainable levels. Also ahead, April Trade Balance forecast at -49.5 vs. -51.8 previously.

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