USD Trading Outlook (14-12-2010)
U.S. Dollar Trading (USD) was sold aggressively in Europe and in the US session with fresh focus on US debt situation after Moody& rsquo s stated that the AAA could be negatively affected but the extension of the Bush tax cuts in as little as two years. In US stocks, DJIA +18 points closing at 11428, S& P +1 points closing at 1241 and NASDAQ -12 points closing at 2624. Looking ahead, November Retail Sales are forecast at 0.6% vs. 0.4% previously. November PPI is forecast 0.6% vs. 0.4% previously. Also today, FOMC Rate Statement forecast to hold at 0.25%.
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