USD Trading Outlook (20-03-2012)
U.S. Dollar Trading (USD) the USD was sold for a third day with some comments from NY FED Member Dudley that downside risks to the US economy were ‘meaningful’ including high Oil prices and Housing recession. The US March NAHB Housing Index was steady at 28 and traders will be watching critical US housing data later in the week as the Housing sector is the main reason US interest rates are set to remain low until 2014. Looking ahead, US FEB Housing Starts and Building Permits. Also FED Chairman Bernanke speaks.
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