The Dollar slipped against most majors as Federal Reserve Chairman Ben Bernanke said the U.S. economic recovery was on track, despite Europe's debt crisis. Bernanke pledged to keep interest rates at their record lows longer as unemployment and growth fears continue to trouble investors. NASDAQ and Dow Jones weakened by -0.54% and -0.41% respectively, Crude Oil jumped by 3.3% closing at 74.3$ a barrel, Gold (XAU) weakened by -1.3% closing at 1229.9$ an ounce. Today, Trade Balance is expected at -40.8B vs. -40.4B prior. Unemployment Claims are expected to weaken from 453K to 447K.
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