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USD Trading Outlook (31-08-2012)

U.S. Dollar Trading (USD) the Dollar was stronger overnight on the back of mild risk aversion ahead of the Key Jackson Hole Speech today. The market is expecting the FED chief to at least outline the range of options that the US central bank can implement if needed. Weekly Jobless improved to 347k vs. 370k previously. July Personal Income rose 0.3% as forecast. Looking ahead, August Chicago PMI forecast at 53.5 vs. 53.7 previously. Also FED Chairman Bernanke Speaks.

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