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16 Jine-U.S. Dollar Trading (USD)
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Old 06-15-2007, 06:51 AM
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Default 16 Jine-U.S. Dollar Trading (USD)

Hi

16 June-U.S. Dollar Trading (USD) was mixed against all majors as Core Produce Price index rose to 1.6% for the month of May y/y, up from the previous month of 1.5%. In U.S share markets, the NASDAQ was up 17.10 points (+0.66%) whilst the Dow Jones was also up by 71.37 points (+0.53%). Crude oil rose slightly by US$0.08 a barrel to US$67.73. Looking ahead a heavy data day is scheduled for the U.S. markets, with expectations that Core CPI for the month of May, to come in at 0.2% same as the previous. In other news, Current account for the first quarter is expected to decline sharply to -201 bln (Previous: 195.70 bln). Furthermore, Key data will also be released in the form of TIC flows, with economists expecting a figure of 75 bln for the month of April (Previous: 67.6 bln). Other data news to be released include NY Fed Manufacturing Survey, Michigan Sentiment Survey, and Industrial Production.
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