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USD Trading Outlook (04-04-2012)

U.S. Dollar Trading (USD) the USD gained heavily overnight after the release of the February FOMC Meeting minutes pointed to more members moving away from the QE3 support. A strong March Nonfarm Payrolls this Friday would help confirm this and add to the USD strength. Gold showed the biggest reaction with a big part of the bullish outlook related to continued QE from the US central bank this year. Looking ahead, March ISM Services forecast at 57 vs. 57.3 previously.

Back to USD Trading Outlook Archive

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