USD Trading Outlook (14-10-2011)
U.S. Dollar Trading (USD) the markets consolidated the recent rally overnight pulling back in Europe on profit taking but ending close to the highs in the US as sentiment remained quite positive. Focus as always remains on the Eurozone but there was also some economic data releases from the US. Weekly Jobless Claims remained steady at the 404k vs. 405k. In US stocks, DJIA -40 points closing at 11478, S& P -3 points closing at 1203 and NASDAQ +15 points closing at 2620. Looking ahead, September Retail Sales forecast at 0.5% vs. 0.0% m/m.
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