USD Trading Outlook (19-04-2011)
U.S. Dollar Trading (USD) risk off trading overnight as the US was given a wakeup call from rating agency S& P which put the AAA rating on negative watch implying a 1/3 chance of a downgrade in next 2 years. The US Debt situation and Government fiscal plan are being closely scrutinized. In US stocks, DJIA -140 points closing at 12201, S& P -14 points closing at 1305 and NASDAQ -29 points closing at 2735. Looking ahead, March US Building Permits forecast at 0.55m vs. 0.52m previously. March Housing starts are forecast 0.53m vs. 0.48m previously.
Back to Currencies Archive
