USD Trading Outlook (14-04-2011)
U.S. Dollar Trading (USD) stocks in the US fell and this helped the USD to strengthen late in New York. Obama revealed a plan to cut the US deficit by 4trn over the next 12 years. US Retail Sales were broadly in line with expectations falling to 0.4% vs. 1.0% previously m/m. In US stocks, DJIA +7 points closing at 12271, S& P +1 points closing at 1315 and NASDAQ +16 points closing at 2761. Looking ahead, March PPI is forecast at 6.2% vs. 5.6% y/y. Weekly Jobless Claims forecast at 380k vs. 382k previously.
Back to Currencies Archive
