USD Trading Outlook (11-04-2011)
U.S. Dollar Trading (USD) traders took advantage of the growing monetary policy divide between the US and other developed countries to sell the USD across the board. Adding to the selling pressure was aggressive commodity movement higher. In US stocks, DJIA -29 points closing at 12380, S& P -5 points closing at 1328 and NASDAQ -15 points closing at 2781. Looking ahead, FOMC Speakers Dudley and Evan.
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