USD Trading Outlook (29-12-2011)

U.S. Dollar Trading (USD) stocks fell on the first full trading day this week with Eurozone debt concerns the main catalyst for the move lower. Tensions in the Middle East are also providing a risk off mood as the US 5th Fleet countered Iran’s threats of closing the Strait of Hormuz. Looking ahead, December Chicago PMI forecast at 61 vs. 62.6 previously. Also Weekly Jobless Claims forecast at 375k vs. 364k previously.

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