USD Trading Outlook (04-10-2011)
U.S. Dollar Trading (USD) good economic news was overlooked with the market gripped in selling mode. September Manufacturing PMI at 51.6 vs. 50.6 previously. Stocks finished down over 2% with rallies proving short lived. In US stocks, DJIA -258 points closing at 10655, S& P -32 points closing at 1099 and NASDAQ -79 points closing at 2335. Looking ahead, August Factory Orders forecast at 0% vs. 2.4% previously.
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