USD Trading Outlook (09-02-2011)
U.S. Dollar Trading (USD) was mixed with gains on the back of a Chinese rate increase during the European session reversed when the US session shrugged off the news, pushing to fresh highs in the stock market and weakening the dollar. In US stocks, DJIA +71 points closing at 12233, S& P +5 points closing at 1324 and NASDAQ +13 points closing at 2797. Looking ahead, Fed Chairman Bernanke Speaks.
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