USD Trading Outlook (15-07-2011)
U.S. Dollar Trading (US) decent us economic data with June Retail Sales at 0.1% vs. -0.1% forecast and Weekly Jobless Claims at 405k vs. 427k previously. The Dollar consolidated Wednesday& rsquo s losses to end higher with comments from Bernanke paring back expectations of QE3 helping support. 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, June CPI forecast at -0.1% vs. 0.2% previously m/m. July UoM Consumer Sentiment forecast at 72.5 vs. 71.5 previously.
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