UFXMarkets – Currencies & Commodities Trading News-17-November-2011

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For more Forex news & info, please visit http://www.ufxmarkets.com… The US Dollar advanced against the major currencies despite data from the USA coming out better than expected. Fitch said yesterday it may downgrade the credit rating for some American Banks which are exposed to the European market, if European leaders don’t find a solution to the crisis soon. Wall Street closed negative as the NASDAQ fell by 1.7% and the Dow Jones by 1.6% respectively. Crude oil rose by 3.2%, closing at $102.59 a barrel and crude oil passed the 102$ a barrel for the first time since May. Gold (XAU) fell by 0.40%, finishing at $1774.3 an ounce. Today, the Building Permits are expected at 0.60M vs. 0.59 previously and Unemployment Claims are expected to come out at 396K vs. 390K previously.

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