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USD Trading Outlook (20-04-2011)

U.S. Dollar Trading (USD) dollar selling resumed as the market shrugged off the US rating warning to focus on strong investor appetite. March Housing permits increased 11.2% and Housing starts increased 7.2% for a strong rebound from the low February numbers. In US stocks, DJIA +65 points closing at 12266, S&amp P +7 points closing at 1312 and NASDAQ +9 points closing at 2744. Looking ahead, Marching Existing Home Sales are forecast at 5mln vs. 4.88mln previously.

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