Daily Review USD Dollar (USD) Dec 22 2009

By IBTimes Staff Reporter | December 22 2009 4:25 AM

The Dollar gained across the board continuing to rally as speculations rise that the Federal Reserve will withdraw the stimulus it offered to slow the recession. The Dollar rose despite an increase in stocks in Europe and Wall Street showing that the inverse correlation with equities continues to break down. Stocks rose sharply in the U.S. NASDAQ rose to fresh year highs and finished with a gain of 1.17% and Dow Jones added 0.83%. The Gold (XAU) fell to fresh monthly lows closing at 1093$ an ounce. Crude Oil fell 1.2% and closed at 72.5$ a barrel. Today, Final 3rd quarter GDP is expected unchanged with 2.8% and Existing Home Sales are expected with 6.25M vs. 6.1M previously.

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