USD Trading Outlook (09-12-2011)
U.S. Dollar Trading (USD) the Dollar was under pressure as the EUR/USD and stocks rallied on the ECB rate cut and good Weekly Jobless claims but then gained heavily as stocks reversed sharply when ECB President Draghi refused to increase the bond buying operations of the European central bank. In US stocks, DJIA -198 points closing at 11997, S&P -26 points closing at 1234 and NASDAQ -52 points closing at 2596. Looking ahead, October International Trade is forecast at -43.5bn vs. -43.1bn previously.
Back to USD Trading Outlook Archive
