USD Trading Outlook (03-11-2010)
U.S. Dollar Trading (USD) slipped further against a handful of currencies on Tuesday. In an otherwise uneventful North American session, share markets rose on hope that mid-term elections would buoy the economy. The Dow Jones rose by 0.58%, S& P up 0.85% and the NASDAQ also higher by 1.14%. Focus now shifts to FOMC meeting, with Interest rates expected to remain on hold. Instead markets have been expecting the Fed to announce a move to further Quantitative easing. Economists surveyed have indicated that purchasing $500 Billion in long term securities may materialize   
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