USD Trading Outlook (19-09-2012)
U.S. Dollar Trading (USD) stocks dipped overnight but we found support quickly and the bulls remain in control. The USD was able to hold onto small gains overnight as the EUR/USD led the other majors lower. Traders are still looking to sell the USD however at better levels given the ultra-loose FED monetary policy. Looking ahead, August Build Permits forecast at 0.796mn vs. 0.765mn.
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