USD Trading Outlook (07-04-2011)
U.S. Dollar Trading (USD) we on the back foot ahead of the key ECB meeting as the market pushed to year highs on many pairs. US stocks traded at 2 year highs, and this helped USD/JPY to remain strong. A new story that could potential affect markets is the US budget showdown in the Senate threatening to shutdown the government. In US stocks, DJIA +32 points closing at 12426, S& P +3 points closing at 1335 and NASDAQ +8 points closing at 2799. Looking ahead, Weekly Jobless Claims are forecast at 385k vs. 388k previously.
Back to Currencies Archive
