USD Trading Outlook (05-06-2012)

U.S. Dollar Trading (USD) the markets have opened up strong in Asia with the news that an emergency G7 meeting is to take place later today to focus the Spanish debt crisis. US stocks already are rallying and the USD is giving back gains from last week on the fresh hope something can be done to restore the confidence in the Eurozone. Looking ahead, May ISM Services forecast at 54.7 vs. 54.6 previously.

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