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USD Trading Outlook (11-10-2011)

U.S. Dollar Trading (USD) the recovery rally accelerated last night with investors seemingly convinced about the Sarkozy/Merkal announcement to do whatever it takes to save the EU with a &ldquo comprehensive package&rdquo to be announced before November. Banking Stocks led US stocks is a +3% rally which dented demand for the USD and encouraged commodities/risk assets to soar. In US stocks, DJIA +330 points closing at 11433, S&amp P +39 points closing at 1194 and NASDAQ +86 points closing at 2566.

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