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USD Trading Outlook (04-10-2010)

U.S. Dollar Trading (USD) US economic data was generally quite positive on Friday and this allowed most risk assets to extend gains and the Dollar weakness to continue into the weekend. September ISM Manufacturing was at 54.4 vs. 54.5 expected. UoM Confidence was at 68.2 vs. 67 forecast. In US stocks, DJIA +41 points closing at 10829, S&amp P +5 points closing at 1146 and NASDAQ +2 points closing at 2370. Looking ahead, August Factory Orders Forecast at -0.4% vs. 0.1% previously.

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