USD Trading Outlook (26-02-2013)

U.S. Dollar Trading (USD) the Dollar gained on safe haven flows overnight with the EUR/USD sold off dramatically after exit polls suggested no clear majority in the recent Italian Elections. Stocks markets reversed and the Yen crosses were sold aggressively across the board with some capitulation flows seen in late New York trade. Looking ahead, December Case Shiller House Prices forecast at 6.6% vs. 5.5% previously. Fed Chief Bernanke Speaks before the Senate Banking Committee.

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