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USD Trading Outlook (11-06-2012)

U.S. Dollar Trading (USD) the news over the weekend that up to E100bn of loans was being set up to bail out Spanish banks helped all risk assets surge higher on Monday. The EUR/USD is above 1.2600 and still strong going into Europe with the news investors have been waiting for slowly coming to fruition. Also over the weekend better than expected Chinese data has also helped Asian stocks rally. Looking ahead, little economic data today with only speeches from Fed Officials in the US scheduled.

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