USD Trading Outlook (06-12-2011)
U.S. Dollar Trading (USD) the USD was on the back foot for most of the day as the market responded positively to the meeting between Merkal and Sarkozy in which they outlined a new treaty to bring European countries under closer fiscal ties. Stocks pared back gains however as S&P put European countries on negative rating watch. In US stocks, DJIA +78 points closing at 12097, S&P +12 points closing at 1257 and NASDAQ +28 points closing at 2655. Looking ahead, IBD Economic Optimism for December previously at 40.6.
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