USD Trading Outlook (14-12-2011)
U.S. Dollar Trading (USD) markets fell in the US session quite heavily with US retail sales weaker than expected and the European crisis rolling on. The FOMC held at 0.25% as widely expected but the statement was mixed with a slight upgrade to the US economic outlook tempered by concerns global risks were increasing. November Retail Sales gained 0.2% vs. 0.6% forecast. In US stocks, DJIA -66 points closing at 11954, S&P -10 points closing at 1225 and NASDAQ -32 points closing at 2579. Looking ahead, Crude Oil inventories forecast at -2.2m vs. 1.3m previously.
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