USD Trading Outlook (13-05-2011)
U.S. Dollar Trading (USD) the USD hit month highs on slumping Oil and pullbacks in most majors. Weekly Jobless Claims were at 434k vs. 474k previously. April US retail Sales increased to 0.5% vs. 0.4% previously m/m. In US stocks, DJIA +65 points closing at 12695, S& P +6 points closing at 1348 and NASDAQ +17 points closing at 2863. Looking ahead, May UoM Sentiment forecast at 70 vs. 69.8. April CPI forecast at 0.2% vs. 0.1% previously.
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