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USD Trading Outlook (01-10-2012)

U.S. Dollar Trading (USD) the Dollar is on the front foot in Asia Monday as concerns about Spain’s hesitancy to formally ask for a bailout adds uncertainty to the future. The EUR/USD is testing fresh lows and stocks are on the back foot. China is away for the whole week on holiday’s and should limit some of the speculation on the Asian giant. Looking ahead, ISM Manufacturing forecast at 50 vs. 49.6. Also FED Chairman Bernanke Speaks.

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