US Dollar (USD)

The Dollar gained versus the Euro and the Pound as Personal Spending and Personal Income came out weaker than expected. Consumer spending in the U.S increased in July as a result of Cash for Clunkers program but rose by only 0.2% versus 0.3% expected. Michigan's Consumer Sentiment came out 65.7 better than the 64.6 forecast and 63.2 prior but was still lower than July's reading of 66. NASDAQ gained by 0.05% and Dow Jones declined by -0.38% as the stock rally seem to lose its momentum. Crude oil gained by 0.51% closing at 72.86$ a barrel and Gold (XAU) rose by 1.11% closing at 956$ an ounce. Today, Chicago PMI is expected better at 47.5 versus 43.4 prior.