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USD Trading Outlook (24-08-2011)

U.S. Dollar Trading (US) sentiment improved overnight with a large rally in US stocks over expectations that the US Fed Chairman Bernanke will announce new measures on Friday to help the economy recover. While QE3 is the simple choice traders are also talking of more creative measure to that will help markets stabilize. In US stocks on Friday, DJIA +322 points closing at 1176, S&amp P +38 points closing at 1162 and NASDAQ +100 points closing at 2446. Looking ahead, July Durable Good Sales forecast at 2% vs. -1.9% previously.

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