USD Trading Outlook (11-12-2012)
U.S. Dollar Trading (USD) traders continued to take an optimistic view of the global economy focusing on the stronger Chinese/US data and less on Spain/Italy and ‘fiscal cliff’. US Stocks rallied ahead of the FOMC on Wednesday which analysts suggest may contain further easing for the US economy. Looking ahead, US Trade Balance forecast at -42bn vs. -41bn previously.
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