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USD Trading Outlook (16-12-2011)

U.S. Dollar Trading (USD) markets around the world bounced after 3 days of selling with bargain hunters entering into stocks and most currencies. The USD lost some strength with risk aversion eases and good economic data. Weekly Jobless Claims dropped to 366k vs. 390k forecast. In US stocks, DJIA +45 points closing at 11868, S&P +3 points closing at 1215 and NASDAQ +1 points closing at 2541. Looking ahead, November CPI forecast at 0.1% vs. 0.1% previously.

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