Strong ISM Non manufacturing nos. from US failed to stop the fall of the greenback. the no. at 59.7 was a 13 month high. Fundamentals point to a dollar recovery, with long term yields climbing back up again.
Euro gained as trichet might signal further rate hikes, in one of the strongest decades of growth in euroland. The Australian economy grew 1.6% beating expectations. Sterling rose as traders expect BoE to raise rates this week.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment