USD Trading Outlook (23-03-2011)
U.S. Dollar Trading (USD) continued weakness in the European session was reversed as the stock market rally stalled and focus on Portugal took some of the steam out of the EUR/USD rally. Oil Continued to press higher on Concerns the Libyan crisis may extend for a long time and this is also dampening sentiment. In US stocks, DJIA -17 points closing at 12018, S& P -4 points closing at 1293 and NASDAQ -8 points closing at 2683. Looking ahead, February New Home Sales forecast at 0.29mln vs. 0.28mln previously.
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