USD Trading Outlook (09-05-2011)
U.S. Dollar Trading (USD) ended the week volatile with good April Non Farm Payrolls helping most markets to rally and the safe haven USD was sold. The pick up is risk appetite was short-lived however on rumors Greece was contemplating leaving the Eurozone. April Non Farm Payrolls +244k vs. + 200k forecast. The Unemployment rate did tick higher to 9.0% however. In US stocks, DJIA +54 points closing at 12638, S& P +5 points closing at 1340 and NASDAQ +12 points closing at 2827. Looking ahead, April Employment Trend previously at 100.9.
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