USD Trading Outlook (19-10-2011)
U.S. Dollar Trading (USD) stocks soared in the last hour of US trade on a UK guardian report that France and Germany had agreed to increase the EFSF to EUR2 Trillion to help safeguard against debt contagion. US Stocks soared and risk appetite picked up leading to USD selling on most pairs. In US stocks, DJIA +180 points closing at 11577, S& P +24 points closing at 1225 and NASDAQ +42 points closing at 2657. Looking ahead, September CPI forecast at 0.3% vs. 0.4% previously m/m. Also released, September Housing Starts forecast at 0.59mln 0.571mln.
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