USD Trading Outlook (24-11-2011)

U.S. Dollar Trading (USD) gained further, trading at multi week highs against a basket of currencies on fears that the Euro debt crisis was deepening, with the viability of Germany and France now under threat. Weekly jobless claims increased to 393K, whilst consumer sentiment in the US rose from 60.1 to 64.1 for the month of November, yet did little to stem sliding stock markets. US share markets fell for a sixth straight session as negative sentiment prompted investors to reduce exposure heading into Thanksgiving holiday on Thursday. The NASDAQ fell -2%, the Dow Jones lower by -1.6%, and the S&P also fell by -1.7%