USD Trading Outlook (06-12-2010)
U.S. Dollar Trading (USD) the market sold the dollar aggressively after weaker than expected November Payrolls at +39k vs. 140k forecast with the Unemployment Rate also jumping to 9.8% vs. 9.6% previously. Adding to Dollar selling pressure was reported comments from the FED Chairman Bernanke that the Central Bank may increase bond purchases past the 600bn announced last month. In US stocks, DJIA +19 points closing at 11382, S& P +3 points closing at 1224 and NASDAQ +12 points closing at 2591. Looking ahead, Fed Chief Bernanke Speaks.
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