The Dollar weakened against most majors after cost of living in the U.S. rose at a slower pace while manufacturing expanded in the New York and Philadelphia regions, indicating the recovery from recession isnâ€TMt stoking inflation. NASDAQ and Dow Jones rose by 0.05% and 0.07% respectively. Crude oil jumped by 3.2% closed at 77.58$ a barrel. Gold (XAU) weakened by 1.3% closed at 1050.6$ an ounce. Today, TIC Long-Term Purchases are expected to rise at 30.1B vs. 15.3B prior, Industrial Production is expected at 0.1% vs. 0.8% before and Federal Budget Balance is expected at -43.3B vs. -111.4B prior.
Join the Discussion