USD Trading Outlook (18-10-2011)

U.S. Dollar Trading (USD) markets came under heavy selling pressure across the board overnight as German Official Seibert cautioned the market about expecting a final solution from this weekend&amp rsquo s EC Summit. Adding to this was soft earnings from US companies and we saw US stocks down over -2%. The USD did well gaining against all with the exception of the other safe haven, the Japanese Yen. In US stocks, DJIA -247 points closing at 11397, S&amp P -23 points closing at 1200 and NASDAQ -52 points closing at 2614. Looking ahead, September PPI forecast at 0.2% vs. 0% m/m previously. Also Fed Chief Bernanke speaks.