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USD Trading Outlook (04-11-2011)

U.S. Dollar Trading (USD) the Dollar lost ground as the market mood brightened and the safe haven was sold across the board. Weekly Jobless Claims came in better than expected at 397k vs. 400k forecast. US Services edged down to 52.9 vs. 53 initially. In US stocks, DJIA +208 points closing at 12044, S&amp P +23 points closing at 1261 and NASDAQ +57 points closing at 2697. Looking ahead, October Non farm Payrolls forecast at 95k vs. 103k previously. October Unemployment Rate forecast at 9.1%.

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