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USD Trading Outlook (12-04-2012)

U.S. Dollar Trading (USD) FED speak Yellen hit the airwaves playing down speculation the FED will stop supporting the US economy anytime soon. Fed Speak from Lockheart suggested more bond buying was an option from the central bank and this combined with Yellen to reverse US stock market losses for their first gain in 5 sessions. Looking ahead, Weekly Jobless Claims forecast at 355k vs. 357k previously. February Trade balance forecast at -52bn vs. -52.6bn previously.

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