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USD Trading Outlook (13-04-2012)

U.S. Dollar Trading (USD) risk was off the table on Friday in Asian trade as the China GDP reversed the positive momentum for a second day of gains from US markets overnight. The Q1 GDP came in at 8.1% vs. 8.3% forecast and rumours of 9.0% overnight. The big data miss was played out best through the AUD/USD which fell over 60 pips immediately after the result. Looking ahead, April UoM Consumer Sentiment forecast 76.2 vs. 76.2 previously. Also Federal Reserve Chairman Ben Bernanke Speaks

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