USD Dollar (USD) - Daily Review Jan 14 2009

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The Dollar weakened against 12 of the 16 most traded currencies after the Federal Reserve said that a modest economic recovery is broadening. NASDAQ and Dow Jones rose by 1.12% and 0.50% respectively. Crude oil fell for a 3rd day after U.S. inventories report showed an increase of 3.7M barrels as demand dropped. Crude prices decreased by -1.4% closing at 79.65$ a barrel. Gold (XAU) rose by 0.7% closing at 1136.8$ an ounce. Today, Retail Sales are expected with 0.4% vs. 1.3% prior, Unemployment Claims are expected to increase from 434K to 438K.

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