USD Trading Outlook (25-09-2012)
U.S. Dollar Trading (USD) fresh Chinese slowdown concerns and further negative economic data from Europe and the US hurt global risk appetite yesterday. The selling was contained however and the EUR/USD and AUD/USD kept inside 100 pip ranges comfortably. Looking ahead, July Case Shiller House Prices forecast at 1.0% vs. 0.5% previously y/y. Also, US Treasury Secretary Speaks.
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