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USD Trading Outlook (21-07-2011)

U.S. Dollar Trading (US) some profit taking and negativity returned to the stock markets overnight with uncertainty regarding the second Greece bailout and US deficit plan jitters. Existing Home Sales slumped to 4.77mn vs. 4.91mn forecast with weakness in US housing market still evident. &nbsp In US stocks, DJIA -15 points closing at 12571, S&amp P -1 points closing at 1325 and NASDAQ -12 points closing at 2814. Looking ahead, Weekly Jobless Claims forecast at 410k vs. 405k previously.

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