USD Trading Outlook (23-01-2012)
U.S. Dollar Trading (USD) stocks continued to rally in the US Session but the Dollar gained as the Euro came under pressure with time running out for Greece to strike a deal with bondholders on the beleaguered nation’s debt haircut. US housing data countered weakness in Google’s stock with December Housing starts rising 5%. In US stocks, DJIA +90 points closing at 12720, S&P +1 points closing at 1315 and NASDAQ -1 points closing at 2786. Looking ahead, No data today and Chinese New Year holidays begin last all week and may affect the Asian session liquidity.
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