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USD Trading Outlook (16-04-2012)

U.S. Dollar Trading (USD) weak Chinese GDP on Friday inspired risk off selling which turned into a Global stockmarket sell off. Adding to the fears was the European debt crisis returning via Spanish debt which climbed back above 6%. The US Consumer Sentiment index fell slightly as well to 75.7 vs. 76.2 previously. Looking ahead, April NY FED Manufacturing forecast at 18mil vs. 20mil previously. Also March Retail Sales forecast at 0.4% vs. 1.1% previously.

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