USD Trading Outlook (10-04-2012)
U.S. Dollar Trading (USD) with most stock markets still closed on Monday we saw a small push lower in Asia before grinding higher for the rest of the day on the back of bargain hunting. The only data yesterday was Chinese CPI which was higher than expected and raised questions as to whether they can loosen monetary policy to support a faltering growth outlook. Looking ahead, February Wholesale Inventories at 0.5% vs. 0.4%.
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