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USD Trading Outlook (18-01-2011)

U.S. Dollar Trading (USD) risk was off in Asia as China stocks lost 3% on tightening fears allowing the USD to get a bid tone. With the US away Europe dictated action with the Euro under pressure but most other pairs found support. In US stocks, closed for Bank Holiday for Martin Luther King Day. Looking ahead, November Long Term TIC Flows forecast at 40bn vs. 27bn previously. Also ahead, Bank of Canada rate decision forecast at 1%.

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