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USD Trading Outlook (17-01-2011)

U.S. Dollar Trading (USD) mixed US data and a Reserve Ratio Hike from China kept traders on their toes Friday. Stocks were strong although the USD found support after fresh week lows, bouncing back into the US close. December Retail Sales at 0.6% vs. 0.8% forecast. January Consumer Confidence fell to 72.7 vs. 74.5 previously. In US stocks, DJIA +55 points closing at 11787, S&amp P +9 points closing at 1291 and NASDAQ +20 points closing at 2755. Looking ahead, Bank Holiday for Martin Luther King Day.

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