USD Trading Outlook (06-07-2011)
U.S. Dollar Trading (US) a mixed day in the markets with positive Asian and European sessions reversed in the US after Portugal was downgraded 4 notches in an aggressive move by Moody& rsquo s. The losses were modest however with many traders happy to buy to on the dip. Commodities were strong and the Euro weak which left the USD mixed. In US stocks, Looking ahead, June ISM Services forecast at 53.5 vs. 54.6 previously.
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