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USD Trading Outlook (14-11-2012)

U.S. Dollar Trading (USD) US traders returned on Tuesday to a looming government debt debate dubbed the ‘fiscal cliff’. In 2013 tax cuts expire and slashed government spending could combine to push the US economy back into recession. US stocks finished negative once again but markets were closed on Monday so some of this fall was just playing catch up with other Indices around the world. Looking ahead, September Retail Sales forecast at -0.2% vs. 1.1% previously. Also released, PPI forecast at 0.2% vs. 1.1% previously.

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