USD Trading Outlook (22-10-2012)

U.S. Dollar Trading (USD) the positive mood seen was undone as US stocks slumped dramatically. In the biggest one day fall since June we saw the Dow Jones down over 200 points and the Nasdaq down over 2%. The main catalysts for the move lower were disappointing company earnings and a lack of progress at the EU summit. Looking ahead, FOMC Member Pianalto Speaks.

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