USD Trading Outlook (14-07-2011)
U.S. Dollar Trading (US) a lot going on in dramatic trading yesterday with the USD under pressure across the board on comments from Bernanke stating he is prepared to step in and help the economy if Job growth   weakens and inflation remains low. This was taken by the market to mean QE3 was a very real option on the table. In US stocks, DJIA -58 points closing at 12446, S& P -5 points closing at 1313 and NASDAQ -20 points closing at 2781. Looking ahead, Retail Sales forecast at -0.1% vs. -0.2% m/m previously. Weekly Jobless Claims forecast at 415k vs. 418k previously.
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