USD Trading Outlook (12-12-2011)
U.S. Dollar Trading (USD) initial reactions to the EU Summit in Asia were negative as disunity emerged between the UK and Europe. The European session saw a dramatic reversal of the sentiment and we managed a rally into the close. US Consumer Confidence rose sharply in December to 67.7 vs. 64.1 previously and this added to the positive mood. In US stocks, DJIA +186 points closing at 12184, S&P +20 points closing at 1255 and NASDAQ +50 points closing at 2646.
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