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USD Trading Outlook (03-05-2011)

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Stock Rally fades, USD Mixed

U.S. Dollar Trading (USD) the market was very buoyant in the European session and the Start of the US session but faded towards the end of the day and this led to USD gains and profit taking on commodities. April Manufacturing fell to 60.4 vs. 61.2 but is still well into the expansionary zone. In US stocks, DJIA -3 points closing at 12807, S&amp P -2 points closing at 1361 and NASDAQ -9 points closing at 2864. Looking ahead, March Durable Goods and Factory Orders.

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