USD Trading Outlook (12-11-2010)
U.S. Dollar Trading (USD) was on the front foot as risk aversion crept back into the market on continual growing unease with some European countries Debt issues. The G20 has failed to produce much as of yet but markets are watching closely for any friction particularly on US FED Monetary Policy. In US stocks, DJIA -73 points closing at 11283, S& P -5 points closing at 1213 and NASDAQ -23 points closing at 2555. Looking ahead, November UoM Consumer Confidence is forecast at 63.5 vs. 61.9.
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