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USD Sold on Economic Concerns

U.S. Dollar Trading (USD)

U.S. Dollar Trading (USD) some surprisingly weak US manufacturing data sent US stock markets and the USD down overnight. The Empire State survey dropped to 5.1 vs. 18 forecast. Strong Company Earning offset some of the losses as did the news of BP closing the oil leak and Goldman Sachs settling with the SEC. In US stocks, DJIA -7 points closing at 10359, S&P +1 points closing at 1096 and NASDAQ -1 points closing at 2248. Looking ahead, June CPI is forecast at 0.1% vs. 0.1% previously. Also released, UoM Consumer Confidence forecast at 68.4 vs. 69.8 previously.

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