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USD Trading Outlook (09-11-2012)

U.S. Dollar Trading (USD) those hoping for a bounce after the heavy falls seen on Tuesday and Wednesday were disappointed as US stocks continued to remain under pressure. The USD enjoyed its safe haven status and gained across the board with the notable exception of the Japanese Yen. US 10 Year Treasury Yields continued to fall overnight and this is directly correlated to the USD/JPY major. Looking ahead, UoM Consumer Sentiment forecast at 83 vs. 82.6 previously.

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