USD Trading Outlook (15-03-2011)
U.S. Dollar Trading (USD) stock markets around the world reacted to the 5%+ fall in Japanese stocks but the USD was on the back foot as the EURO helped most pairs to rally for a second day. Today the FOMC meet and this will be closely watched given their European Counterparts have focused on inflation threats and recent US data has improved somewhat. In US stocks, DJIA -51 points closing at 11993, S& P -7 points closing at 1296 and NASDAQ -14 points closing at 2700. Looking ahead, FOMC Forecast to hold at 0.0-0.25% band.
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