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USD Trading Outlook (27-01-2011)

U.S. Dollar Trading (USD) the Dollar continued to be under pressure yesterday with stocks pushing fresh highs and the US FED voting to keep rates low for an extended period. New Home Sales surged 17% in December and helped keep investor sentiment strong. In US stocks, DJIA +8 points closing at 11985, S&amp P +5 points closing at 1296 and NASDAQ +20 points closing at 2739. Looking ahead, Weekly Jobless Claims are forecast at 405k vs. 404k previously.

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