USD Trading Outlook (20-12-2010)

U.S. Dollar Trading (USD) remained on the front foot with economist upgrading their GDP outlooks for 2011 given the US Tax cut boost. The downgrade of Ireland 5 notches by Moody&rsquo s also helped the Dollar with the rating agency concerned about the Irish economy and escalating costs of the banking bailout. &nbsp In US stocks, DJIA -7 points closing at 11491, S&amp P +1 points closing at 1243 and NASDAQ +5 points closing at 2642.

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