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US Q2 Company Earning in Focus

U.S. Dollar Trading (USD)

U.S. Dollar Trading (USD) the market remained cautious but optimistic Monday ahead of the start of US company earning releases. Alcoa was in focus after hours in New York and strong numbers help lift US futures to fresh month highs. Risk appetite may be tempered however as Eurozone concerns still linger and important Chinese data is slated for release later in the week. In US stocks, DJIA +18 points closing at 10216, S&P +1 points closing at 1078 and NASDAQ +2 points closing at 2198. Looking ahead, May Trade Balance is forecast at -39bn vs. -40bn previously.

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