USD Trading Outlook (01-05-2012)
U.S. Dollar Trading (USD) the USD rebounded today against most risk currencies yesterday as stocks pulled back on profit taking sparked by weak economic data. April Chicago PMI fell to 56.2 vs. 62.2 previously in a dramatic fall in manufacturing confidence back to 2009 levels. Looking ahead, March US PMI forecast at 53 vs. 53.4 previously. Also 3 different Fed speakers tonight could lead to volatility.
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