USD Trading Outlook (06-12-2012)
U.S. Dollar Trading (USD) November US ISM Services improved to 54.7 vs. 53.5 previously and helped underpin the US stock market moves higher overnight. ADP Employment missed with 118k vs. 125k forecast and could mean Friday’s NFP numbers might be softer than forecast. The USD gained against the Yen and Gold but was unchanged against the other majors. Looking ahead, Weekly Jobless Claims forecast at 380k vs. 393k previously.
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