USD Trading Outlook (22-02-2013)
U.S. Dollar Trading (USD) the market volatility ramped up again on heavy stock market losses across the globe after the FOMC minutes fallout continued across the Asian and then European sessions. The US data did little to help with misses on Weekly jobless claims (362k vs. 355k f/c), February Philly FED (-12.5 vs. 1.0% f/c) and Flash Manufacturing PMI (55.2 vs. 55.5f/c). Looking ahead, FOMC members Powell and Tarullo Speak both could be important with QE3 tapering off in 2013 being the main story in the markets overnight.
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