USD Trading Outlook (29-11-2010)
U.S. Dollar Trading (USD) the market continued to be very volatile in thanksgiving affected trade on Friday with stocks falling heavily around the world on fears of Eurozone debt concerns. The market initially opened strong on Monday morning in Asia on news that a E85bn financial rescue package had been approved by EU Finance Ministers over the weekend. Focus will remain on Portugal and Spain to see if threat contagion threat remains in European trade. In US stocks, DJIA -95 points closing at 11092, S& P -8 points closing at 1189 and NASDAQ -8 points closing at 2534
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