Archived IMT (2009.06.11)

Falling US jobless and strong May retail sales are positive for equities, which have been languishing these past 4 days. Stoccks-friendly news usually weigh on the US dollar, but CAREFUL from continued USD weakness as European officials are already expressing concern with excessive STRENGTH in their currencies vs. the dollar. French govt officials have just released a statement saying theyre keeping an eye on currency markets, which could become somewhat of a chorus in this weekends G7 meeting in Italy, when German, Canadian and UK officials chime in. Ashraf on BNN at 9:35 EST (13:30 GMT)