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USD Trading Outlook (13-06-2012)

U.S. Dollar Trading (USD) stocks and risk assets managed to rally overnight on the back of more QE3 talk from Fed Member Evans who stated he would support more measures to stimulate the economy. The FOMC meeting is next Wednesday and there has been much speculation on what could occur. Also helping the rally overnight was talk from Mexico’s President that the G20 meeting this weekend will focus on a solution to the EZ crisis. Looking ahead, May PPI forecast at -0.6% vs. -2.3% previously.May Retail Sales are forecast at -0.2% vs. 0.1% previously.

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