USD Trading Outlook (11-01-2011)
U.S. Dollar Trading (USD) stocks fell back mildly and the Dollar lost ground in quiet trade as commodities rebounded. Earning Season has begun in the US with nightly focus on earnings report set to move the stock markets and currencies. In US stocks, DJIA -37 points closing at 11637, S& P -1 points closing at 1271 and NASDAQ +4 points closing at 2707. Looking ahead, November Wholesale Inventories are forecast at 1 vs. 1.9 previously.
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