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USD Trading Outlook (28-08-2012)

U.S. Dollar Trading (USD) the markets had a quiet day on Monday with UK away on Bank holiday and a small rally in Europe reversed later in the US session. Some positivity is coming through on the Greece front with hopes of some flexibility towards the struggling EZ country helping the EUR/USD remain strong. The USD risk event of the week is the Jackson Hole Speech on Friday by Bernanke so aggressive trading is unlikely until then. Looking ahead, June Case Shiller House Prices forecast at 1.6% vs. 2.2% previously m/m. Also August Consumer Confidence forecast at 66 vs. 65.9 previously.

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