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USD Trading Outlook (23-08-2011)

U.S. Dollar Trading (US) despite being up 2% at the open US stocks closed flat and inspired risk currencies to give up intraday gains. Gold broke above $1900 in late US trade with the market relentless from demand for safe haven investments. In US stocks on Friday, DJIA +37 points closing at 10854, S&amp P +1 points closing at 1123 and NASDAQ +3 points closing at 2345. Looking ahead, July Home Sales forecast at 0.31mn 0.312mn previously.

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