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USD Trading Outlook (26-10-2011)

U.S. Dollar Trading (USD) stocks reversed sharply today on concerns that some disunity was appearing at the EU summit between France and Italy. In US data, October CB Consumer Confidence dropped to 39.8 its lowest level since 2009. US House prices fell 3.5% y/y in August. In US stocks, DJIA -207 points closing at 11706, S&amp P -25 points closing at 1229 and NASDAQ -61 points closing at 2638. Looking ahead, September &nbsp New Home forecast at 0.3mln vs. 0.295mln previously. September Core Durable Goods forecast at 0.4% vs. -0.1% previously.&nbsp &nbsp

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