USD Trading Outlook (13-04-2011)
U.S. Dollar Trading (USD) was mixed, losing ground against the Euro and JPY but gaining against most risk currencies as stocks fell around the globe. Concerns about the upgrade of the Japanese Nuclear Crisis to the same level as Chernobyl was the main story. In US stocks, DJIA -117 points closing at 12263, S& P -10 points closing at 1314 and NASDAQ -26 points closing at 2744. Looking ahead, March Retail Sales are forecast at 0.5% vs. 1.0% previously.
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