USD Trading Outlook (12-09-2012)
U.S. Dollar Trading (USD) stock markets continued to rally around the world as the loose monetary policy from China, Europe and US added to investor risk appetite. Moody’s warned on US AAA rating given the looming budgetary issues. House Republican Speaker Boehner commented he was ‘not confident at all’ of avoiding a fiscal cliff next year. The Dollar was on the back foot for most of the day with Euro leading the charge higher. Looking ahead, Weekly Crude Oil Inventories.
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