USD Trading Outlook (30-01-2012)
U.S. Dollar Trading (USD) the Dollar selling continued on Friday from the surprise FOMC statement to extend Interest rates at near record lows until 2014. Q4 GDP was weaker than expected 2.8% vs. 3.0% forecast and added to the profit taking in US stocks seen in New York. In US stocks, DJIA -22 points closing at 12734, S&P -7 points closing at 1318 and NASDAQ -13 points closing at 2805. Looking ahead, December Personal Income forecast at 0.4% vs. 0.1% previously.
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