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USD Trading Outlook (29-06-2011)

U.S. Dollar Trading (US) the Dollar lost more ground with US stocks soaring on increasing optimism that Greece will pass the Austerity budget up for vote today/tomorrow. US data was weak with Apr Case Shiller falling -4.0% vs. -3.9% y/y forecast. Also June CB Consumer Confidence dropped further to 58.5 vs. 61.7 previously. In US stocks, DJIA +145 points closing at 12188, S&amp P +16 points closing at 1296 and NASDAQ +41 points closing at 2241. Looking ahead, May Pending Home Sales forecast at 3.8% vs. -11.6% previously.

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