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USD Trading Outlook (01-09-2011)

U.S. Dollar Trading (US) smaller than expected declines in the US August Chicago PMI at 56.5 vs. 53.5 forecast has led to many suggesting the US Manufacturing PMI will not be as bad as expected. ADP Employment change at 91k vs. 102k forecast. In US stocks on Friday, DJIA +53 points closing at 11613, S&amp P +5 points closing at 1218 and NASDAQ +3 points closing at 2579. Looking ahead, Jobless Claims are forecast at 410k vs. 417k previously.

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