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USD Trading Outlook (10-01-2012)

U.S. Dollar Trading (USD) the USD gave up gains from the Asian session and weakened by the end of the day as stocks continued to hold up well despite the ongoing EU debt crisis. Little fresh news was released with the markets still waiting on Greece debt deal news and on any new developments between Sarkozy and Merkal meetings. In US stocks, DJIA +32 points closing at 12392, S&P +2 points closing at 1280 and NASDAQ +2 points closing at 2676. Looking ahead, January IBD Economic Optimism previously at 42.8.

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