USD Trading Outlook (29-05-2013)
The USD sprang back to life yesterday, rising sharply against the Yen during Asian trade and also against the Swiss Franc during overnight trade. Strong US economic data was the overnight catalyst whilst a rebounding Nikkei weakened the Yen during yesterday’s Asian session. Japanese retail trade and Australian construction data are the highlights on today’s economic calendar but once again most leads will come from the Nikkei.
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