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USD Trading Outlook (09-07-2012)

U.S. Dollar Trading (USD) the USD gained on Friday after weaker than expected US jobs increased safe haven demand for the world’s reserve currency. June NonFarm Payrolls came in at 80k vs. 90k forecast. The June Unemployment rate stayed at 8.2%. US stocks fell sharply and Oil and Gold both slumped with some investors expecting the FED to do more to stimulate the faltering US recovery. Looking ahead, FOMC Member Williams speaks.

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