USD Trading Outlook (19-07-2012)

U.S. Dollar Trading (USD) those looking for weakness in the market yesterday were sorely mistaken with US stocks once again rallying and risk currencies gaining against the greenback. Oil moved higher to $90 a barrel and helped the commodity currencies in the CAD and AUD outperform. Looking ahead, Weekly Jobless Claims are forecast at 365k vs. 350k previously. Also, June Philly FED is forecast -8 vs. -16.6 previously.

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