USD Trading Outlook (16-09-2011)
U.S. Dollar Trading (US) most markets were quiet until the shock announcement that the ECB BOJ BOE and US FED were coordinating to provide European banks access to US dollars and help ease any liquidity issues that may arise in the debt crisis. Most markets shot higher and risk appetite improved with the market now expecting more support from the EU Finance meeting today. In US stocks, DJIA +186 points closing at 11433, S& P +20 points closing at 1209 and NASDAQ +34 points closing at 2607. Looking ahead, UoM Consumer Sentiment forecast at 56.4 vs. 55.7 previously.
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