USD Trading Outlook (23-11-2011)
U.S. Dollar Trading (USD) maintained its recent buoyancy against a number of majors despite growing as investors continues to express their disappointment at the “super committee” failure to compromise on means in reducing deficit. GDP also failed to boost sentiment being revised lower from 2.5% to 2.0%. FOMC minutes released did express that downside risks to the economy remained at the forefront of policy makers concerns, indicating of further measures of accommodative easing could be required. The NASDAQ fell 0.1%, the Dow Jones down 0.5% and the SA&P fell 0.4%.
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