USD Trading Outlook (30-03-2011)
U.S. Dollar Trading (USD) was still on the back foot as stock markets remained strong with traders ignoring weak US data. January Case Shiller house prices fell -3% y/y as the downtrend continued. February Consumer Confidence dropped to 63.4 vs. 72 previously on the sharp hike in Fuel prices. In US stocks, DJIA +81 points closing at 12279, S& P -9 points closing at 1319 and NASDAQ +26 points closing at 2756. Looking ahead, March ADP Employment Report forecast at 203k vs. 217k previously.
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