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USD Trading Outlook (15-11-2010)

U.S. Dollar Trading (USD) a mild G20 statement was trumped by European Debt concerns sending stocks and commodities lower. The USD was the main beneficiary from the European mess although it finished well off highs as Ireland denied bailout talks. In US stocks, DJIA -90 points closing at 11192, S&amp P -14 points closing at 1199 and NASDAQ -37 points closing at 2518. Looking ahead, October Retail Sales are forecast at +0.7% vs. +0.6%.

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