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USD Trading Outlook (01-02-2013)

U.S. Dollar Trading (USD) the Dollar had a mixed day with the European and UK currencies enjoying good gains while the Yen and Gold were under heavy selling pressure. Chicago PMI was strong at 55.6 vs. 50.5 forecast and help spark a Yen cross rally which allowed the USD/JPY to hit fresh highs above Y92. Looking ahead, January NonFarm Payrolls forecast at 161k vs. 155k previously. The Unemployment Rate is forecast unchanged at 7.8%.

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