USD Trading Outlook (28-09-2011)
U.S. Dollar Trading (US) the risk recovery continued with consensus growing that Greece will be supported in by other EU members. US house prices continued to be depressed with July Case Shiller -4.1% y/y slightly better than the -4.4% y/y expected. In US stocks, DJIA +146 points closing at 11190, S& P +12 points closing at 1175 and NASDAQ +30 points closing at 2546. Looking ahead, August Durable Goods Orders forecast at 0.0 vs. 4.1% previously m/m.
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