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USD Trading Outlook (20-12-2011)

U.S. Dollar Trading (USD) stocks in Asia tumbled on news that the North Korea leader had died as this has created a leadership vacuum that could destabilize the region. December NAHB Housing Market index rose to 21 vs. 19 previously. Stocks closed on a weak note reversing early gains in the US on concerns the US payroll tax cuts will not be extended. In US stocks, DJIA -100 points closing at 11766, S&P -14 points closing at 1205 and NASDAQ -32 points closing at 2523. Looking ahead, November Housing starts forecast at 0.635mln vs. 0.628mln previously.

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