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USD Trading Outlook (15-12-2011)

U.S. Dollar Trading (USD) the USD did well as stock markets fell for a third day and safe haven demand for the worlds reserve currency continued to be strong. Very large drops in Oil on the back of OPEC decision to increase production added to the Dollar strength. In US stocks, DJIA -131 points closing at 11823, S&P -13 points closing at 1212 and NASDAQ -39 points closing at 2539. Looking ahead, Weekly Jobless Claims forecast at 390k vs. 391k previously. Also November Industrial Output forecast at 0.2% vs. 0.7% previously.

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