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USD Trading Outlook (17-07-2012)

U.S. Dollar Trading (USD) the market rallied overnight and into Asia on Tuesday with expectations rising that the US central bank Chief Ben Bernanke will hint at more stimulus when he speaks before the senate banking committee. Overnight June Retail Sales fell -0.5% and this cause the market to rally on the perverse idea weak economic data will mean the FED will do more to stimulant the economy. Looking ahead, June CPI forecast at 0.0 vs. -0.3% previously. FED Chairman Bernanke speaking.

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