USD in Corrective Mode
28/08/08 08:09
Helped by stronger oil at $119/bbl and a hurricane
threat in the Gulf of Mexico the USD is selling off
after an over-extended run. 2yr rate spreads have
continued to move in favour of EUR/USD and this can
provide more accelerant for the move higher. I
anticipate stronger EUR from current levels over the
near term. Read More...
USD fell Thursday largely rationalized by a rally in oil
21/08/08 21:13
The USD fell Thursday largely rationalized by a rally
in oil, which jumped to its highest level in 2
½-weeks to $121.94 per barrel. Read More...