USD Trading Outlook
U.S. Dollar Trading (USD) the recent dollar strength reversed overnight with the Euro and AUD finding support and the moves in the US long term interest rates settling down. Since last Friday’s nonfarm payrolls bond traders have been pricing in the increase of the US interest rates at a faster pace. Weekly jobless claims continued to be strong at 351k and the Philly Fed increased to 12.5. Looking ahead, March Consumer Sentiment forecast at 76 vs. 75.3 previously. February CPI is forecast at 0.4% vs. 0.2%.
U.S. Dollar Trading (USD) the USD is gaining across the board even as US stocks continue to rally in what could be the start of a game changing trend. The safe haven status of the US Dollar has meant it would usually be sold when stock markets rally but since the US jobs data last Friday the USD has been on the front foot. Reports suggest the US economic recovery is looking stronger than the European and Japanese this year and this is being credited for the Dollar buying. Looking ahead, Weekly Jobless claims forecast at 356k vs. 362k previously.
U.S. Dollar Trading (USD) the USD eased against the Euro with stocks finding support after falling in Asia and the investors shrugging off the Chinese trade deficit shock instead focusing on positive developments in Europe and US. USD/JPY is in focus today with the BOJ meeting in Asia and the FOMC later in the US session. The USD/JPY uptrend is strongest trend in the market and garnering a lot of attentions from analysts. Looking ahead, February Retail Sales forecast at 1 vs. 0.4% m/m previously. FOMC Rate announcement forecast to hold at 0.25%.
U.S. Dollar Trading (USD) a lot was happening on Friday although the initial enthusiasm for the Greece success failed to push US stocks significantly higher and even strong Jobs numbers failed to inspire fresh risk taking. The USD was able to strengthen significantly however with many speculating the US monetary policy will have to adjust to the recent improvement in US employment. Looking ahead, February Employment Trends previously at 105.8.
Go to U.S. Dollar (USD) Archive



