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USD Trading Outlook (06-08-2012)

U.S. Dollar Trading (USD) July Nonfarm Payrolls came in stronger than expected at 160k vs. 100k and this helped stocks and an already positive investor mood continue into the weekend. The USD was sold aggressively with the strong jobs numbers not seen strong enough to change the FED outlook on monetary policy with most analysts still expecting new measures to be announced next month. Looking ahead, Fed Chairman Bernanke Speaks.

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