USD Trading Outlook (09-01-2013)

U.S. Dollar Trading (USD) mild profit taking led to downside across most markets overnight with investors turning cautious ahead of the ECB meeting today. US Consumer Credit increased more than expected to $16bn vs. $12.7bn forecast. USD/JPY continued its correction lower overnight and breached Y87 late in the New York. Looking ahead, Crude Oil Inventories previously at -11.1mn.

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