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USD Trading Outlook (11-11-2010)

U.S. Dollar Trading (USD) was stronger against most pairs as the risk appetite waned and stocks came under pressure in the Europe before rebounding later in the US session. Weekly Jobless Claims beat expectations at 435k vs. 456k previously. US September Trade Balance improved to -44bn vs. -46bn previously. In US stocks, DJIA +10 points closing at 11357, S&amp P +5 points closing at 1218 and NASDAQ +15 points closing at 2578. Looking ahead, US Bank Holiday.

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