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USD Trading Outlook (08-05-2012)

U.S. Dollar Trading (USD) the markets were under pressure during the Asian session yesterday but the European traders took the weekend election news with more positively and we saw a short covering rally back to Friday levels on most pairs. Stocks in the US were almost positive by the end of the session as March consumer Credit soared 22.4bn on increasing student and car loans. Looking ahead, May IBD Economic Optimism Indicator previously at 49.3.

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