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USD Trading Outlook (09-09-2011)

U.S. Dollar Trading (US) stocks fell back in the US session after Bernanke failed to outline any specific plans for further easing. Obama spoke outlining a new jobs package but this also failed to inspire risk taking. Weekly Jobless Claims crept higher to 414k vs. 412k previously. In US stocks, DJIA -119 points closing at 11295, S&amp P -12 points closing at 1185 and NASDAQ -19 points closing at 2529. Looking ahead, July Wholesale Inventories forecast at 0.8% vs. 0.6% previously.

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