USD Trading Outlook (05-07-2011)
U.S. Dollar Trading (US) with stock markets closed and little data released, the market was very quiet although profit taking did see the USD on the front foot. The NonFarm Payrolls is the key data release this week and could set the tone for the rest of the month. In US stocks, Markets Closed for Independence day. Looking ahead, May Factory Orders forecast at 1% vs. -1.2% previously.
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