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USD Trading Outlook (02-05-2012)

U.S. Dollar Trading (USD) the dollar soared overnight as the April ISM came in better than expected and we saw stocks hit multi year highs in the US session and the US Dollar strength. The USD/JPY was notable breaking back above Y80 and is being watched closely in Asia today. Looking ahead, April ADP Employment Report forecast at 177k vs. 209k previously. Also tonight, March Factory Orders forecast at -1.6% vs. 1.3% previously.

Back to USD Trading Outlook Archive

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