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USD Trading Outlook (28-04-2011)

U.S. Dollar Trading (USD) the USD came under heavy selling pressure during FED Chief Bernanke&amp rsquo s speech overnight where he outlined that the US economy still needed low rates for an extended period and that QE was important. Commentators noted he made no mention of a timeline to exit from the current policy. In US stocks, DJIA +95 points closing at 12691, S&amp P +8 points closing at 1355 and NASDAQ +22 points closing at 2869. Looking ahead, Weekly Jobless Claims are forecast at 392k vs. 403k previously.

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