USD Trading Outlook (23-05-2011)
U.S. Dollar Trading (USD) risk aversion spread throughout the market on concerns that Greece will default despite the official line that everything was fine. Fitch downgraded Greece to B+ noting that any debt profiling/restructuring would result in a default. In US stocks, DJIA -93 points closing at 12512, S& P -10 points closing at 1333 and NASDAQ -19 points closing at 2803. Looking ahead, May National Index.
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