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USD Trading Outlook (17-08-2012)

U.S. Dollar Trading (USD) stocks kicked higher again overnight and the safe haven USD weakened against most currencies with the EUR/USD the front runner. US July Housing data was mixed with Housing starts down at 746k vs. 757k forecast but July Building Permits at 812k vs. 770k previously. US Stocks gained on the back of European Banking stocks which soared higher on ECB optimism. Looking ahead, August UoM Consumer Sentiment forecast at 72.4 vs. 72.3 previously.

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