USD Trading Outlook (13-10-2010)

U.S. Dollar Trading (USD) slipped against a basket of currencies as FOMC minutes of the 21st of September meeting confirmed members discussed several approaches to aiding a struggling recovery. The minutes highlighted the fact that policy makers are prepared for another installment of stimulus in the near term. The Minutes also made a concerted effort to adjust its statement that underlying inflation had been below levels consistent with its mandate. In US share markets the Dow Jones moved higher by 10.6 points (0.09%), S&amp P rose 0.27% and the NASDAQ rose by 15.59 points (0.65%). Fed Reserve Chairman Ben Bernanke is scheduled to talk on Wednesday, with Q&amp A sessions on the agenda the market will pry into when QE2 will eventuate.