USD Trading Outlook (29-03-2012)
U.S. Dollar Trading (USD) the Dollar strengthened as Commodities slumped led by Gold and Oil reacting to further talk the US might release strategic reserves to help lower Gas prices. Stocks also pulled back and added to the softer investor sentiment. US Durable Goods rose 2.2% vs. 3.7% previously. Looking ahead, Q4 GDP forecast at 3%. Weekly Jobless Claims forecast at 350k vs. 348k. Fed Chief Bernanke Speaks.
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