USD Trading Outlook (01-03-2012)
U.S. Dollar Trading (USD) the USD was on the back foot with risk on trade continuing until Fed Chief Bernanke testimony overnight in which he failed to talk about further stimulus and disappointed those expecting more support from the Central bank. Stock markets fell heavily and the USD strengthened sharply across the board. Gold was the biggest mover falling over $70oz as the precious metal was bought previously on expectations of further printing of money out of the United States.
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