USD Trading Outlook (27-07-2011)
U.S. Dollar Trading (US) the USD was under pressure for most of the day with the ongoing Debt Ceiling debate increasing chances the US will lose its AAA rating. The EUR/USD tested 1.4500 in Asia and is leading the majors higher. In US stocks, DJIA -91 points closing at 12501, S& P -5 points closing at 1331 and NASDAQ -2 points closing at 2840. Looking ahead, June Durable Goods forecast at 0.3% vs. 2.1% previously m/m.
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