USD Trading Outlook (08-11-2011)

U.S. Dollar Trading (USD) the USD enjoyed some solid gains during the Asian session as stocks and majors fell on fresh risk aversion that the European Debt crisis had spread to Italy. Talk that the Italian PM may resign helped reverse the losses as did news Greece had formed a new Unity government. In US stocks, DJIA +85 points closing at 11983, S&P +7 points closing at 1260 and NASDAQ +9 points closing at 2695.

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