USD Trading Outlook (10-05-2011)
U.S. Dollar Trading (USD) was mixed gaining against most currencies courtesy of the Euro weakness but lost ground against commodities which all recovered. Stock markets rallied around the world with bargain hunters taking advantage of the recent pullback. In US stocks, DJIA +45 points closing at 12684, S& P +6 points closing at 1346 and NASDAQ +15 points closing at 2843. Looking ahead, April Import Prices forecast at 1.8% vs. 2.7% previously.
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