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USD Trading Outlook (18-06-2012)

U.S. Dollar Trading (USD) the USD is under pressure at the open on Monday with the Greece elections looking like the Pro Euro and Austerity party had the most votes and first chance to make a coalition government. The situation is still unresolved though and markets will be watching closely new developments. Asian stocks are higher and the EUR/USD opened above 1.2700 although some profit taking has been seen already. Looking ahead, G20 meetings start today in Mexico.

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