USD Trading Outlook (28-06-2012)
U.S. Dollar Trading (USD) currencies were very quiet holding to the previous day’s range as traders wait for the EU summit to commence. Expectations are low so there is chance for positive surprise although if Germany does not compromise then we could see traders punish the Euro and risk assets lower. Looking ahead, Q1 GDP Final forecast at 1.9%. Weekly Jobless Claims forecast at 385k vs. 387k previously.
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