USD Trading Outlook (25-10-2010)
U.S. Dollar Trading (USD) with the G20 meeting already underway into the weekend, Friday& rsquo s trading session was subdued with slight rallies in equities keeping the USD under pressure. The G20 meeting resulted in a statement supporting a commitment to & lsquo refrain from competitive devaluation of currencies& rsquo . The comments should support the market on Monday with the threat of currency wars receding. In US stocks, DJIA -14 points closing at 11132, S& P +2 points closing at 1183 and NASDAQ +19 points closing at 2479. Looking ahead, September National Activity Index previously at -0.53%.
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