USD Trading Outlook (20-08-2012)

U.S. Dollar Trading (USD) the safe have Dollar continued to receive support even as global stocks rallied for another day. USD/JPY in particular is on the march higher and the EUR/USD is also heavy while the ECB bailout details are sorted out. The more traditional risk currency in the Australian Dollar was hammered with AUD/USD falling to month lows in surprising trade. Looking ahead, July National Activity Index previously at -0.15.

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