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USD Trading Outlook (21-01-2013)

U.S. Dollar Trading (USD) US stocks closed at fresh 2013 highs but the US Dollar was not sold off as usual but gained across the board. EUR/USD and GBP/USD led the market lower with both having negative news on the day. January UoM Consumer Confidence fell to 71.3 vs. 72.9 previously. Helping keep risk appetite strong was talk late on Friday that the republicans will raise the debt limit temporarily. Looking ahead, Holiday for Martin Luther King, Jr. Day.

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