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USD Trading Outlook (24-05-2011)

U.S. Dollar Trading (US) stocks weakened in the US session under pressure from weak Chinese and European PMI surveys. The ongoing European debt crisis and the subsequent Euro selling is leading to USD strength across the board. In US stocks, DJIA -130 points closing at 12381, S&amp P -15 points closing at 1317 and NASDAQ -44 points closing at 2758. Looking ahead, FOMC Member Fisher Speaks. April New Home Sales forecast 0.3% vs. 0.3%.

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