USD Trading Outlook (30-12-2011)
U.S. Dollar Trading (USD) was stronger against most pairs in Europe’s after Italy’s bond Auction failed to stop yields remaining at 7%. The sentiment improved during the US session and the dollar gave up some of it gains with bargain hunter snapping up stocks from depressed levels. Chicago PMI remained strong at 62.5 vs. 61 forecast. Weekly Jobless Claims moved higher however to 381k vs. 366k. Looking ahead, no data today.
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