USD Trading Outlook (21-03-2011)

U.S. Dollar Trading (USD) played in to the hands of co-ordinated central bank efforts to intervene on recent Yen record highs, as well as proposed Libyan Ceasefire agreement on Friday sent a bout of risk orientated buying frenzy during Asia. The Group of seven nation&rsquo s co-ordinated intervention was the first seen since 2000, in an attempt to aid Japan&rsquo s recovery from recent natural disasters. The NASDAQ closed higher 7.62 pts (0.29%) and the Dow Jones 83.93 (0.71%). Global headlines will remain key driver in Currency markets to begin the week, with perception weekend airstrikes over Libya may limit risk appetite.