U.S. data mostly beat expectations on Wednesday, though the dollar did not respond positively. ADP employment was better than forecasts, while the trade deficit narrowed more than expected. Services ISM was the outlier, though remained solidly in expansionary territory. The ECB was the wrench in the machine for the dollar, as the Bank upped its inflation forecasts, and maintained a conciliatory tone vis a vis Greece. From N.Y. lows of 1.1080, EUR-USD posted highs of 1.1285 into the London close.
from RSS Feed http://ift.tt/1GkUaBo
via IFTTT
No comments:
Post a Comment