The dollar is trading modestly firmer, finding its feet after declining yesterday. EUR-USD is off by 0.25%, having ebbed from 1.0637, which was a six-day peak seen in NY trade yesterday after the European exit. Better than expected unemployment data had yesterday imparted a bid in the euro, though follow-through has been limited ahead of prelim November Eurozone HICP today (a rise to 0.3% y/y is expected after October's 0.2%), tomorrow's ECB meeting (where a 20 bp cut in the deposit rate is anticipated, plus a widening in asset eligibility in the QE program), and Friday's U.S.
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