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USD Trading Outlook (19-12-2012)

U.S. Dollar Trading (USD) with stock markets continuing to press higher again yesterday with the safe haven Dollar sold and riskier currencies bought. Gold bucked the trend however crashing over $30oz as investors pulled money out of the precious metal and into higher yielding stocks/currencies. Traders are upbeat that progress on a fiscal cliff deal was being made. Looking ahead, November Housing Starts forecast at 0.873mn vs. 0.894mn previously.

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