USD Trading Outlook (15-10-2012)
U.S. Dollar Trading (USD) markets have turned negative in recent sessions with risk off trading on Friday spilling over into Monday’s trade. Spain was once again the center of attention with concerns that the ESM would not have enough money and then later that Spain will not request aid until November. Fresh EUR/USD selling is keeping the single currency under 1.3000 and helping the Dollar remain strong. Looking ahead, September Retail Sales forecast at 0.7% vs. 0.9% previously.
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