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USD Trading Outlook (07-12-2010)

U.S. Dollar Trading (USD) profit taking from Friday&rsquo s selling allowed the USD to gain steadily throughout most of the day. Fed Chief Bernanke speaking in a TV interview stated that Unemployment remained&nbsp stubbornly high and that it was possible to expand QE past the 600bn announced. In US stocks, DJIA -19 points closing at 11362, S&amp P -1 points closing at 1223 and NASDAQ +3 points closing at 2594. Looking ahead, October Consumer Credit is previously at 2.15bn.

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