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USD Trading Outlook (21-03-2012)

U.S. Dollar Trading (USD) the USD was mixed yesterday with the FED Chairman Bernanke avoiding making a splash with his speech yesterday disappointing the hawks by avoiding commenting on the timeline of US rates and instead stating the economic outlook remains challenging. US housing starts fell -1.1% in Feb but this was countered by building permits which grew 5.1%. Looking ahead, Fed Chief Bernanke speaks again. Also February Existing home sales forecast at 4.62mn vs. 4.57mn previously.

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