USD Trading Outlook (31-07-2012)

The US dollar (USD) produced gains versus a basket of currencies ahead of the Federal Open Market Committee (FOMC) statement release due tomorrow. The ADP Employment report and the ISM Manufacturing Purchasing Managers Index (PMI) prints, also due tomorrow, will capture market participants attention. Versus the Canadian dollar (CAD), the US dollar dropped to 1.0015 from 1.0042.

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