USD Trading Outlook (16-03-2012)
U.S. Dollar Trading (USD) the recent dollar strength reversed overnight with the Euro and AUD finding support and the moves in the US long term interest rates settling down. Since last Friday’s nonfarm payrolls bond traders have been pricing in the increase of the US interest rates at a faster pace. Weekly jobless claims continued to be strong at 351k and the Philly Fed increased to 12.5. Looking ahead, March Consumer Sentiment forecast at 76 vs. 75.3 previously. February CPI is forecast at 0.4% vs. 0.2%.
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