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USD Trading Outlook (21-12-2011)

U.S. Dollar Trading (USD) in a dramatic rally given the relative stability in recent days, stocks rallied over 300 points in the US and risk was firmly ‘on’ throughout the day. November Housing Starts jumped to 0.685mn vs. 0.627mn previously. In US stocks, DJIA +337 points closing at 12103, S&P +35 points closing at 1241 and NASDAQ +80 points closing at 2603. Looking ahead, November Existing Home Sales forecast at 5.05mn vs. 4.97mn previously.

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