USD Trading Outlook (02-12-2011)
U.S. Dollar Trading (USD) remained pressured on Thursday as ISM manufacturing rose from 50.8 to 52.7, coinciding with it strongest reading since June. More so, the after effects of the previous days joint central bank efforts, and the market perception that Fridays Non-Farm Payroll number may come in above the forecasted 120K, ensured investor sentiment remained steady, shrugging off a disappointing China PMI reading of 49 during the Asian session. In US Share markets, the Dow Jones was slightly lower at 0.1%, S&P down 0.1%, whilst the NASDAQ was higher 0.4%
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