USD Trading Outlook (10-08-2012)
U.S. Dollar Trading (USD) the USD enjoyed gains from Euro led selling overnight but we also saw Yields on long Term US debt start to move higher and this is getting attention as they have been at historical lows lately and any move higher will greatly affect the Dollar’s Future. June Trade Balance improved to -42bn vs. -48bn previously. Weekly Jobless Claims remained steady at 361k vs. 370k forecast. Looking ahead, July Import Prices forecast at 0.1% vs. -2.7% previously.
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