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USD Trading Outlook (03-12-2012)

U.S. Dollar Trading (USD) a weak equity close was seen on Friday after US Fiscal Cliff negotiations showed signs of stalemate. A big week of economic data ahead will be critical for sustaining the recent gains and we expect a lot of volatility. Friday’s NonFarm Payrolls will be the highlight and could be negatively affected by Hurricane Sandy last month. Looking ahead, November ISM Manufacturing forecast 51.2 vs. 51.7 previously.

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