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USD Trading Outlook (13-03-2012)

U.S. Dollar Trading (USD) the USD eased against the Euro with stocks finding support after falling in Asia and the investors shrugging off the Chinese trade deficit shock instead focusing on positive developments in Europe and US. USD/JPY is in focus today with the BOJ meeting in Asia and the FOMC later in the US session. The USD/JPY uptrend is strongest trend in the market and garnering a lot of attentions from analysts. Looking ahead, February Retail Sales forecast at 1 vs. 0.4% m/m previously. FOMC Rate announcement forecast to hold at 0.25%.

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