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USD Trading Outlook (15-05-2012)

U.S. Dollar Trading (USD) Stocks and risk assets were sold all day yesterday with the Greece political talks seen doomed to fail and investors waiting on the sidelines waiting the fallout. Traders talk that rating agencies are also reviewing the situation and the impact on European banks and other nations. A lot of US Data tonight will set the next direction for the market. Looking ahead, April Retail Sales forecast at 0.2% vs. 0.8% previously. April CPI forecast 2.3% vs. 2.7% y/y.

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