USD Trading Outlook (04-07-2012)
U.S. Dollar Trading (USD) stocks and commodities continued to rally overnight but currencies were quiet with some major risk events ahead. Tomorrow the European Central Bank and the Bank of England have interest rate meetings. US stocks rallied after May Factory Orders gained 0.7% vs. 0.2% and was a welcome change from the recent trend of weakening data. Looking ahead, Public Holiday for US Independence Day.
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