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USD Trading Outlook (15-11-2012)

U.S. Dollar Trading (USD) US data missed overnight and this led to another day of heavy losses. Middle Eastern tensions spiked higher overnight with Israel bombing Gaza. The Dollar was bought on safe haven demand making its biggest gains against the Yen which was sold on Japanese political concerns. US Weekly Jobless Claims 439k vs. 375k forecast on Hurricane Sandy distortions. Looking ahead, October Industrial Output forecast at 0.2% vs. 0.4%m/m. Also Fed Chairman Bernanke Speaks.

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