Traders Looking at Weaker U.S. Dollar on Opening
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Overnight trading conditions suggest a lower opening for the U.S. Dollar. Trading activity is light as traders await more U.S. earnings reports today. Apple, Inc., McDonald’s Corp. and Whirlpool are among the major companies to report. The weaker Dollar suggests that investors must be expecting good earnings. Better than expected earnings results have tended to put pressure on the Dollar as investors increase their demand for higher risk assets. Apple will report after the closing bell so trading may be less volatile than usual throughout the day.
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