USD Trading Outlook (07-05-2012)
U.S. Dollar Trading (USD) the USD was strong against all major except the other safe haven Yen with stock markets crashing on Friday and then again on Monday morning Asia. The main concern on Friday was weaker than expected NonFarm Payrolls from the US in April at +115k vs. 173k forecast. Looking ahead, March Consumer Credit forecast at 9.5bn vs. 8.73bn previously.
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