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USD Trading Outlook (10-07-2012)

U.S. Dollar Trading (USD) a quiet start to the week encouraged some profit taking and consolidation on most FX pairs. The USD was slightly weak on the day but the trend remains higher. Some FOMC members yesterday suggested that the FED should do more to help the economy but without specifics the market barely reacted. Focus remains on the Eurozone with yields remaining stubbornly high on Spanish and Italian debt. Looking ahead, No Economic Data Today.

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