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USD Trading Outlook (02-10-2012)

U.S. Dollar Trading (USD) the markets rebounded as the September Manufacturing ISM increased to 51.5 vs. 51.1 previously. The market was not keen to sell USD on the data and faded a snap move high from Gold to the Euro causing USD demand for the second half of the US session. The outlook is mixed with the critical US NonFarm Payrolls data on Friday playing even greater importance since the FED linked employment directly to monetary policy. Looking ahead, no economic data from the US tonight.

Back to USD Trading Outlook Archive

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