Relief Rally as US Stocks Soar |
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Relief Rally as US Stocks Soar U.S. Dollar Trading (USD) gave up recent gains in a risk on environment as global stocks rallied and risk aversion eased. Weekly Jobless Claims were steady at 456k vs. 453k previously and April's Trade Balance was close to expectations at -40.3bn previously. In US stocks, DJIA +277 points closing at 10172, S&P +31 points closing at 1086 and NASDAQ +59 points closing at 2218. Looking ahead, May Retail Sales are forecast at 0.2% vs. 0.4% previously. The Euro
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