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USD Trading Outlook (25-01-2011)

U.S. Dollar Trading (USD) US stocks continued higher and the USD remained under pressure as investors searched for higher returns. With easing banking fears the market is now looking to economic data and Central Bank interest rate announcements for direction in FX. In US stocks, DJIA +108 points closing at 11980, S&amp P +7 points closing at 12 and NASDAQ + points closing at 2717. Looking ahead, January Consumer Confidence is forecast at 54.3 vs. 52.5 previously. November Case Shiller House Prices forecast at -0.9% vs. -1.3% m/m.

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