USD Trading Outlook (22-07-2011)

U.S. Dollar Trading (US) saw day highs in early Europe ahead for the EU summit announcement on Greece which reversed risk appetite and sparked a global equity rally. Weekly Jobless claims came in at 418k vs. 405k previously but July Philly Fed rebounded to +3.2 vs. -7.7 previously. In US stocks, DJIA +152 points closing at 12724, S&amp P +17 points closing at 1343 and NASDAQ +20 points closing at 2834.

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