Easy-Forex CURRENCY TRADING SUMMARY – 20th MAY 2008 (00:30GMT)

USD strength ahead of big data day in the US and Europe

By Anthony Darvall
19 May 2008 @ 11:54 pm EDT

• U.S. Dollar Trading (USD) The dollar was generally bid today on the back of an unexpected rise in the leading indicators report of 0.1 vs 0.0 expected. The U.S share markets posted mixed results with NASDAQ down -12.76 points (-.50%) and DOW JONES up 41 points (.32%), Oil hovered at record highs around $127 per barrel on supply concerns. Looking ahead focus on U.S. PPI data tonight which is expected to come in at 0.4% for the month of April.

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