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USD Trading Outlook (04-01-2012)

U.S. Dollar Trading (USD) the Dollar was sold in all sessions yesterday as Global stock markets rallied and economic data improved. December ISM Manufacturing jumped to 53.9 vs. 52.7 previously. The FOMC Minutes were also released and continued to support the view interest rates would be kept low until 2013. In US stocks, DJIA +179 points closing at 12397, S&P +19 points closing at 1219 and NASDAQ +43 points closing at 2648. Looking ahead, November Factory Orders forecast at 1.7% vs. -0.4% previously.

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