USD Trading Outlook (16-01-2013)
U.S. Dollar Trading (USD) the Dollar gained against most pairs with the EUR/USD pulling back from 1.3400 and remaining under pressure after ECB Juncker commented the ‘Euro’ was dangerously high. Adding to the caution overnight rating agency Fitch warned both the UK and the US that there rating was a ‘clearly increasingly’ risk that both could lose their AAA rating. Looking ahead, December Industrial Production forecast 0.2% vs. 1.1% previously.
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