USD Trading Outlook (17-10-2011)
U.S. Dollar Trading (USD) we saw sentiment improve another notch on Friday extending the substantial gains already seen during the week in Stock markets and risk assets. The USD did poorly as demand for the safe haven eased and traders invested their money into higher yielding currencies such as the Australian Dollar. September Retail Sales increased 1.1% vs. 0.5% m/m forecast in another positive for the markets. In US stocks, DJIA +166 points closing at 11644, S& P +20 points closing at 1224 and NASDAQ +47 points closing at 2667. Looking ahead, September Industrial Production forecast at 0.2% m/m.
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