Hi
U.S. Dollar Trading (USD) rallied broadly overnight having hit a one-week low against the Euro. With recent concerns of a slowing housing sector in the U.S., the dollar was supported by reports indicating stronger than expected growth at 1.528 mio (Prior: 1491 revised; Forecast: mio) for the month of April. Furthermore, Industrial Production also came in better than expected showing at 0.7 (Forecast: 0.3) for the month of April. In U.S. share markets the NASDAQ rose by 22.13 (+0.88%) and the Dow Jones also rose by 103.69 (+0.77%). Crude oil eased by US$0.62 a barrel to US$62.55 as further as Nigerian instability diminished. Key data in the shape of Philly Fed and Michigan Sentiment set for release with expectations of 3.0 (Prior: 0.2) and 86.7 (Prior: 87.1) respectively.
U.S. Dollar Trading (USD) rallied broadly overnight having hit a one-week low against the Euro. With recent concerns of a slowing housing sector in the U.S., the dollar was supported by reports indicating stronger than expected growth at 1.528 mio (Prior: 1491 revised; Forecast: mio) for the month of April. Furthermore, Industrial Production also came in better than expected showing at 0.7 (Forecast: 0.3) for the month of April. In U.S. share markets the NASDAQ rose by 22.13 (+0.88%) and the Dow Jones also rose by 103.69 (+0.77%). Crude oil eased by US$0.62 a barrel to US$62.55 as further as Nigerian instability diminished. Key data in the shape of Philly Fed and Michigan Sentiment set for release with expectations of 3.0 (Prior: 0.2) and 86.7 (Prior: 87.1) respectively.