USD Trading Outlook (27-08-2012)
U.S. Dollar Trading (USD) talk of a temporary Greek exit led to USD strength on Friday with the EUR/USD reversing back to 1.2500. US stocks did manage to bounce off lows however as the US FED Chief sent an open letter to congress reiterating the FOMC majority saw need for further stimulus if economic data remains week. US July Durable Goods increased 4.2% vs. 2.4% forecast but ex transport numbers were weak. Looking ahead, no economic data Monday for the US.
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