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USD Trading Outlook (23-06-2011)

U.S. Dollar Trading (US) some negativity entered the US market after the US FED Chief Bernanke signaled QE2 would end as planned whilst also downgrading forecasts for 2011 and 2012 GDP. QE3 seems off the table for now given Bernanke&amp rsquo s concerns about inflation. The Dollar was broadly stronger as the market sees the road to tightening now shorter. In US stocks,DJIA -80 &nbsp points closing at 12109, S&amp P -8 points closing at 1287 and NASDAQ -18 points closing at 2669. Looking ahead, Weekly Jobless Claims forecast at 415k vs. 414k previously.

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