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USD Trading Outlook (07-02-2013)

U.S. Dollar Trading (USD) the Dollar remained strong overnight with most markets consolidating and pulling back from recent highs. EUR/USD was on the back foot sold to 1.3500 supports and GBP/USD and AUD/USD led the market lower with both making fresh trend lows. Weekly Crude Oil came in near expectations at 2.6m barrels ad allowed OIL/USD to rally off $95 support aggressively. Looking ahead, Weekly Jobless claims forecast at 360k vs. 368k previously.

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