The Dollar strengthened against most majors as stocks and commodities fell on concern that European governments won’t cut deficits fast enough to halt the debt crisis. Unemployment Claims came out at 444K vs. 440K forecast. NASDAQ and Dow Jones weakened by 1.26% and 1.05% respectively. Crude oil fell by 1.7% closing at 74.4$ a barrel. Gold (XAU) weakened by 1.1% closing at 1229$ an ounce. Today, Retail Sales are expected at 0.3% vs. 1.9% and Michigan Consumer Sentiment Index is expected to rise from 72.2 to 73.5.
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