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USD Trading Outlook (30-08-2012)

U.S. Dollar Trading (USD) we saw some USD strength overnight as commodities including Gold and Oil fell during the US session. Moves were relatively small though with many traders sitting on the sidelines ahead of the Jackson Hole Speech tomorrow. US Pending house Sales gained 2.4% m/m in July and follows a series of stronger housing data releases lately. Looking ahead, July Personal Income forecast at 0.3% vs. 0.5% previously. Weekly Jobless claims forecast at 370k vs. 372k. previously.

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