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USD Trading Outlook (25-02-2013)

*Update HSBC February Flash Manufacturing PMI misses at 50.4 vs. 52.2 f/c*

U.S. Dollar Trading (USD) the Dollar enjoyed strength across the board Monday after a myriad of news over the weekend. Late on Friday at the close of New York we saw UK downgraded by Moody’s with the financial epicenter losing its prized AAA rating. The other major news over the weekend was the announcement from Japanese PM Abe that he would be asking ADB Kuroda to be the new BOJ Chief and that Ultra dove will be his Deputy. Looking ahead, no economic data tonight.

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