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USD Trading Outlook (11-02-2011)

U.S. Dollar Trading (USD) an impressive drop in weekly jobless claims to 3 year lows at 383k vs. 419k previously inspired a dollar rally throughout the markets. Stock markets also took a breather and this added to the USD buybacks in most major FX pairs. &nbsp In US stocks, DJIA -10 points closing at 12229, S&amp P +1 points closing at 1321 and NASDAQ +1 points closing at 2791. Looking ahead, UoM Consumer Sentiment forecast at 75 vs. 74.2 previously.

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