The Dollar gained versus most majors driven from the other currencies economic data. ECB's President Trichet said that a strong Dollar is important for the stability of the economy and that the Euro is also a good alternative for the Dollar. NASDAQ and Dow Jones gained by 1.9% and 1.28% accordingly as merger and acquisition activity led to gains in stocks on light trading volume .Crude oil gained by 0.24% closing at 67$ a barrel. Gold (XAU) declined by 0.05% closing at 992$ an ounce. Today, CB Consumer Confidence is expected better with 57 versus 54.1 prior. CS Composite-20 HPI is expected to show a drop of -14.3% versus -15.4% in the previous year.
Join the Discussion