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USD Trading Outlook (16-10-2012)

U.S. Dollar Trading (USD) the Dollar had a mixed day gaining in Asia before reversing sharply during the US session as stocks rallied. Better than expected US data and earning is helping keep risk appetite strong and this is pressuring the safe haven USD. US September Retail Sales gained 1.1% vs. -0.8% forecast m/m. Looking ahead, September Industrial Output forecast at 0.2% vs. -1.2% previously. Also September Core CPI forecast at 0.2% vs. 0.1% previously.

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