USD Trading Outlook (08-06-2011)
U.S. Dollar Trading (US) US stocks continued to fall overnight with the weak Jobs data continuing to dampen sentiment. This Dollar gained through safe haven buying with risk assets sold including commodities. Fed Member Fisher commented QE3 would require very high hurdles to activate. In US stocks, DJIA -61 points closing at 12090, S& P -13 points closing at 1286 and NASDAQ -30 points closing at 2702. Looking ahead, FED Chairman Ben Bernanke speaks.
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