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USD Trading Outlook (06-01-2011)

U.S. Dollar Trading (USD) some very strong US data sent the Dollar broadly higher yesterday with stock markets also posting gains. December ADP Private Employment soared past expectations at 297k vs. 100k forecast. December Services PMI also soared to 57.1 vs. 55 previously. In US stocks, DJIA +31 points closing at 11722, S&amp P +6 points closing at 1276 and NASDAQ +20 points closing at 2702. Looking Ahead, Weekly Jobless Claims are forecast at 400k vs. 388k previously.

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