USD Trading Outlook (02-04-2012)
U.S. Dollar Trading (USD) the USD gained heavily Friday with the 10yr US Treasury yields moving higher showing market expectations interest rates will increase faster than the Fed is currently indicating. US economic data was mixed with increases to February Personal spending countered by a drop in March Chicago PMI. A massive week of data is ahead with both US Nonfarm Payrolls and ECB interest rate meetings potential game changers. Looking ahead, March PMI Manufacturing forecast at 53 vs. 52.4 previously.
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