Stock Sell Off Prompts Dollar Rally |
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Stock Sell Off Prompts Dollar Rally U.S. Dollar Trading (USD) sentiment turned negative as stocks in the US finished very weak and US existing Home Sales dropped to 5.66mn vs. 6.12mn forecast. The Euro led the risk currencies lower as concerns linger about European Debt remain and European banks were downgraded. In US stocks, DJIA -148 points closing at 10442, S&P -17 points closing at 1095 and NASDAQ -27 points closing at 2261. Looking ahead, FOMC Rate Decision is forecast unchanged at
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