USD Trading Outlook (12-09-2011)
U.S. Dollar Trading (US) US stocks fell sharply unimpressed with jobs talk from Obama and as Greece came back into the headlines after ECB board member Stark resigned in opposition to the ECB bond buying operations. The USD is gaining broadly as the safe haven of choice after CHF and YEN intervention fears propelled it to the top of the list. In US stocks, DJIA -303 points closing at 10992, S& P -31 points closing at 1154 and NASDAQ -61 points closing at 2467. Looking ahead, FOMC Member Fisher speaks.
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