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USD Trading Outlook (25-07-2012)

U.S. Dollar Trading (USD) little respite was seen yesterday on the markets with more stock losses and increased safe haven demand for the USD. Spanish and Italian Yields continued to soar and the EU officials stated that Greece was badly off target in implementing austerity targets. After the bell we saw heavy selling of US stocks when heavyweight Tech stock Apple missed badly. Looking ahead, June New Home Sales forecast at 0.37mln vs. 0.369mln previously.

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