USD Trading Outlook (14-10-2010)
U.S. Dollar Trading (USD) was battered once more to trade at record lows against the AUD and XAU overnight. The Dollar failed to make any ground as a round of risk aversion, boosted by better than expected earnings from JP Morgan and Intel, was cause for a positive showing in Wall Street. The Dow Jones ended 75 points higher, the S& P was up 0.82%, and the NASDAQ rose by 23.31 points. In data ahead, Trade Balance, PPI, and weekly jobless claims are all scheduled for release on Thursday.
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