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USD Trading Outlook (17-09-2012)

U.S. Dollar Trading (USD) the positive effects of QE3 were seen for a second day with the US Dollar continuing to be sold aggressively against most currencies. Global Stocks also enjoyed nice gains with European and US stocks both printing new highs. The UoM Consumer Sentiment gained to 79 vs. 74 forecast in September. US August CPI was as forecast 1.7% y/y. Looking ahead, September NY FED Manufacturing forecast at -2 vs. -5.85.

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