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USD Trading Outlook (22-11-2010)

U.S. Dollar Trading (USD) had a volatile day strong in Asia and Europe as risk was &amp lsquo off&amp rsquo while the markets waited for Irish bailout news and China raise banks reserve ratios. The US session reversed sentiment however with stocks turning positive and the USD sold. Fed Chief Bernanke used a speech to the ECB to defend the Fed&amp rsquo s QE2 decision and also highlight it decision was not aimed at weakening the Dollar. In US stocks, DJIA +22 points closing at 11203, S&amp P +3 points closing at 1199 and NASDAQ +3 points closing at 2518.

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