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USD Trading Outlook (12-04-2011)

U.S. Dollar Trading (USD) enjoyed gains on the back of risk aversion and profit taking with news of a fresh Japanese earthquake and with Oil slumping sharply on talk of a Libyan ceasefire. Fedspeak from Yellen was still supportive of loose monetary policy. In US stocks, DJIA +1 points closing at 12381, S&amp P -3 points closing at 1324 and NASDAQ -8 points closing at 2771. Looking ahead, FOMC Member Fisher Speaks. Also ahead, Bank Of Canada Rate Decision forecast 1.0%.

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