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USD Trading Outlook (24-01-2012)

U.S. Dollar Trading (USD) news that Greece had reached an agreement with bond holders helped stoke a further recovery in the EUR/USD and kept the USD under pressure through the European and US session. Stocks did little however with the recent rally running out of steam. In US stocks, DJIA -11 points closing at 12708, S&P +1 points closing at 1316 and NASDAQ -2 points closing at 2784. Looking ahead, Little US data but traders are focusing on the FED’s FOMC meeting Wednesday and any possibility of a change in monetary policy.

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