USD Trading Outlook (30-03-2012)
U.S. Dollar Trading (USD) more risk aversion in the European session was reversed in New York as bargain hunters entered the stock market and this helped weaken the USD. News remained negative however so the bounce may be temporary and we might see more USD strength next week. Looking ahead, March Chicago PMI forecast at 63 vs. 64 previously. March UoM Consumer Confidence is forecast at 74.7 vs. 74.3 previously.
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