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USD Trading Outlook (09-12-2010)

U.S. Dollar Trading (USD) risk off trading in Asia on North Korea fears sent the Euro and Aussie to day lows heading into Europe. Also supporting the Dollar is increasing yields on longer term US government bonds being attributed to the recent tax cut extensions. In US stocks, DJIA +13 points closing at 11372, S&amp P +4 points closing at 1227 and NASDAQ +10 points closing at 2609. Looking ahead, Weekly Jobless Claims are forecast 425k vs. 436k previously.

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