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USD Trading Outlook (22-12-2010)

U.S. Dollar Trading (USD) had a mixed day being sold against commodities and risk currencies such as the Aussie but remaining on the front foot against the Euro. Stock markets are continuing to rally and this is keeping risk appetite strong in Holiday trading. In US stocks, DJIA +15 points closing at 11533, S&amp P +7 points closing at 1254 and NASDAQ +6 points closing at 2667. Looking ahead, US Q3 GDP forecast at 2.8% vs. 2.5%. November Home Sales forecast at 4.7m vs. 4.4m previously.

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