USD Trading Outlook (14-09-2011)
U.S. Dollar Trading (US) with the initial shock of the potential Greece default wearing off most markets rallied softly throughout the day. Helping support was comments from Germany& rsquo s Merkel that Greece would meet requirements for further aid and talk that the ECB was buying Italian bonds in the market. US Import prices down -0.4% vs. 0.0% forecast. In US stocks, DJIA +44 points closing at 11105, S& P +10 points closing at 1172 and NASDAQ +37 points closing at 2532. Looking ahead, August Retail Sales forecast at 0.2% vs. 0.5% previously.
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