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USD Trading Outlook (11-07-2011)

U.S. Dollar Trading (US) markets opened negative on Monday as Chinese inflation data added to the weak lead from the June NonFarm Payrolls on Friday. The USD gained on the back of safe haven demand with fresh EU debt concerns adding another layer of fear. June Nonfarm Payrolls at 18k vs. 90k forecast. The Unemployment rate increased to 9.2%. In US stocks, DJIA -62 points closing at 12657, S&amp P -9 points closing at 1343 and NASDAQ -12 points closing at 2859.

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