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USD Trading Outlook (11-10-2012)

U.S. Dollar Trading (USD) with little fresh news out overnight meant most pairs stayed inside familiar ranges. G7 meetings begin today in Tokyo and may be a source of headline risk. Middle Eastern tensions remained high overnight with Turkey and Syrian involved in more incidents. Looking ahead, Weekly Jobless Claims forecast at 370k vs. 367k previously. Also August Trade Balance forecast at -44bn vs. -42bn. G7 meetings begin in Tokyo.

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