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Old 07-02-2007, 08:55 PM
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02 Jule-U.S. Dollar Trading (USD) mixed data out of the US continued to cloud the greenback. Several economic indicators, including the Core PCE price index, Chicago PMI and consumer sentiment had no impact on the market despite better than expected numbers; mainly due to the fact that Fed indicated that it is still concerned about inflation. Yet last weeks neutral statement from the Fed Reserve strengthened the markets view that rates will be on hold for some time. In US share markets, the NASDAQ fell by -5.14 points, whilst the Dow Jones also fell by 13.66 points. Crude Oil rose to fresh 10 month highs, jumping by US$1.11 a barrel to US$70.68. Looking ahead, key data will be released out of the US in the form of Manufacturing ISM, with markets expecting a relatively flat figure of 55.0
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