USD Trading Outlook (28-02-2011)
U.S. Dollar Trading (USD) stock markets rebounded into weekend as Oil fell and risk aversion eased. The main story helping Oil to fall back below $100 a barrel was talk that Saudi Arabia would be able to increase output to compensate the Libyan crisis. Q4 GDP was revised lower to 2.8% vs. 3.2% initially printed. In US stocks, DJIA +61 points closing at 12130, S& P +13 points closing at 1319 and NASDAQ +43 points closing at 2781. Looking ahead, February Chicago PMI forecast at 67.3 vs. 68.8 previously.
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