USD Trading Outlook (27-10-2010)
U.S. Dollar Trading (USD) the dollar gained gradually throughout the day as stocks were flat and traders pared back bets of aggressive FED expansion. October CB Consumer Confidence increased to 50.2 vs. 48.6 previously. In US stocks, DJIA +5 points closing at 11169, S& P +0 points closing at 1185 and NASDAQ +6 points closing at 2497. Looking ahead, September Durable Goods Orders are forecast at 2 vs. -1.5% previously.
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