USD Trading Outlook (14-09-2012)
U.S. Dollar Trading (USD) stocks and commodities roared higher overnight as the FOMC decided to implement QE3 for an open period of time and keep rates exceptionally low until mid 2015. The market was not fully pricing in this dovish and extremely loose monetary policy decision and could fuel USD weakness for some time going forward. Looking ahead, UoM Consumer Sentiment forecast at 74 vs. 74.3 previously. August Core CPI forecast at 0.2% vs. 0.1%.
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