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USD Trading Outlook (14-03-2012)

U.S. Dollar Trading (USD) the USD is gaining across the board even as US stocks continue to rally in what could be the start of a game changing trend. The safe haven status of the US Dollar has meant it would usually be sold when stock markets rally but since the US jobs data last Friday the USD has been on the front foot. Reports suggest the US economic recovery is looking stronger than the European and Japanese this year and this is being credited for the Dollar buying. Looking ahead, Weekly Jobless claims forecast at 356k vs. 362k previously.

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