UFXMarkets – Currencies & Commodities Trading News-21-November-2011

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For more Forex news & info, please visit http://ufx.co/tQAIfc The US Dollar weakened versus all 16 majors as better economic releases lowered risk aversion. The CB Leading Index came out stronger than forecast and encouraged appetite for risk. Analysts are more pessimistic regarding the budget deadlock of the Budget Super-committee, which was formed to agree on 1.2 trillion Dollars in budget cuts over the next 10 years. Stocks finished on a mixed note while the NASDAQ declined by -0.60% and the Dow Jones gained by 0.22%. Crude Oil declined by -1.27% closing at $97.67 a barrel. Gold (XAU) gained by 0.28% closing at $1,722.95 an ounce. Today, Existing Home Sales are expected with 4.82M versus 4.91M previously.

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