USD Trading Outlook (25-03-2011)
U.S. Dollar Trading (USD) ended the day substantially lower after initially gaining on the back of Euro weakness. Weekly Jobless Claims fell to 382k vs. 387k previously in a continuation of strong US Jobs data. US Durable Goods were weak at -0.9% m/m. In US stocks, DJIA +84 points closing at 12170, S& P +12 points closing at 1309 and NASDAQ +38 points closing at 2736. Looking ahead, March Revised UoM Consumer Sentiment forecast 68 vs. 68.2 previously.
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