USD Trading Outlook (28-02-2013)
U.S. Dollar Trading (USD) the Dollar was sold late in New York overnight with US stocks soaring to fresh year highs after positive comments from FED Chief Bernanke and ECB Chief Draghi helped strengthen risk appetite. Fed Chairman Bernanke downplayed disunity inside the central bank and endorsed Japanese efforts to end deflation and return the Japanese economy to steady growth. Looking ahead, US Prelim GDP forecast at 0.5% vs. 0.1%. Weekly Jobless Claims forecast at 361k vs. 362k previously. Also Chicago PMI forecast at 54.6 vs. 55.6 previously.
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