USD Trading Outlook (31-12-2010)
U.S. Dollar Trading (USD) had a volatile and mixed trading session in thin liquidity with year end flows dominating and often confusing traders. Normal relationships broke down with GBP falling whilst the Euro rallied and the Aussie came under broad profit taking pressure. Weekly Jobless Claims fell below 400k to 388k in promising signs that the US job market was picking up. In US stocks, DJIA -15 points closing at 11569, S& P -2 points closing at 1257 and NASDAQ -4 points closing at 2662.
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