USD Trading Outlook (13-09-2011)
U.S. Dollar Trading (US) the stock market plunged lower again continuing on from Friday& rsquo s fall with concern that Greece was about to default. The market recovered sharply from lows into the close though on news China was looking to invest in Italian debt. Expectations of further unconventional Fed monetary easing is growing in consensus. In US stocks, DJIA +68 points closing at 11061, S& P +8 points closing at 1162 and NASDAQ +27 points closing at 2495. Looking ahead, August Export Prices forecast at 0 vs. -0.4%. Import prices are forecast at -0.8% vs. 0.3% previously.
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