USD Trading Outlook (29-05-2012)

U.S. Dollar Trading (USD) a quiet start to the week overnight with most of Europe and America away on Bank Holidays. The positive Greece poll news allowed a risk on rally in Asia but this was quickly reversed as the European Debt crisis rolled on this time through Spain. Looking ahead, March House Prices forecast at 0.0% vs. -0.8% previously m/m. Also May Consumer Confidence forecast at 70 vs. 69.2 previously.

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