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USD Trading Outlook (29-10-2012)

U.S. Dollar Trading (USD) the dollar had a mixed day on Friday with stocks finishing flat we looked to other stories to move the FX markets. US Q3 GDP was slightly stronger than forecast at 2.0% vs. 1.9% previously. The large drop in USD/JPY was on the back of profit taking slipping to Y79.50 vs. Y80 previously. Looking ahead, September Personal Income forecast at 0.4% vs. 0.1% m/m previously. Also September Consumption forecast at 0.6% vs. 0.5% m/m previously.

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