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USD Trading Outlook (30-05-2011)

U.S. Dollar Trading (US) remained under pressure with rising stocks and easing European fears helping encourage most majors higher. USD/CHF hit all-time lows with the Swiss strengthening on a combination of relative safety and USD weakness. May UoM increased 1.9 points to 74.3. In US stocks, DJIA +38 points closing at 12441, S&amp P +5 points closing at 1331 and NASDAQ +13 points closing at 2796. Looking ahead, Bank Holiday for Memorial Day.

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