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USD Trading Outlook (14-05-2012)

U.S. Dollar Trading (USD) the markets have opened mixed on Monday with the risk off trading during Friday continuing but with very little follow-through selling. The China RRR rate cut over the weekend is supporting we could see a reversal of fortunes if stock markets rally. On Friday we saw stocks fall following JPMorgan losses but the selling contagion to other banks has been limited so far. Looking ahead, No US data tonight.

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