USD Trading Outlook (14-06-2011)
U.S. Dollar Trading (US) most risk assets popped higher late in the US session on the back of bank stocks rallying. The further downgrade of Greece produced little reaction in the market with most of Europe and Asia on Holiday. In US stocks, DJIA +1 points closing at 11952, S& P +1 points closing at 1271 and NASDAQ -4 points closing at 2639. Looking ahead, May Retail Sales forecast at -0.4% vs. 0.5%. May PPI forecast at 0.1% vs. 0.8% previously.
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