Tue 30th Nov: Dollar selling suspended for the day
The Dollar resumed trading in indecisive markets ahead of a week lined with key economic data releases.
Yesterday’s lack of data meant the dollar would loose no more, as traders shied away from a further sell off in the US currency.
The Swiss National Banks Chairman was the newest member of the list of people voicing concern over the recent spate of appreciation against the dollar.
Jawboning from the Japanese officials and some lack luster data releases from Japan saw the yen move back above the 103 levels.
The euro hovered around the 1.3250 levels, as Sterling moved back from the 1.8940 levels ahead of a week of key data releases.
The focus now shifts to the Euro zone Q3 GDP figures and the CPI figures expected today, with market expectations of dampening figures, there could be a long overdue correction in the euro.
Despite reassuring comments from the Saudi regarding any further price rise, oil prices remained firm at $49.74 per barrel.
With a host of data expected from the US and the Euro Zone as well, markets are expected to get choppy ahead.
Yesterday’s lack of data meant the dollar would loose no more, as traders shied away from a further sell off in the US currency.
The Swiss National Banks Chairman was the newest member of the list of people voicing concern over the recent spate of appreciation against the dollar.
Jawboning from the Japanese officials and some lack luster data releases from Japan saw the yen move back above the 103 levels.
The euro hovered around the 1.3250 levels, as Sterling moved back from the 1.8940 levels ahead of a week of key data releases.
The focus now shifts to the Euro zone Q3 GDP figures and the CPI figures expected today, with market expectations of dampening figures, there could be a long overdue correction in the euro.
Despite reassuring comments from the Saudi regarding any further price rise, oil prices remained firm at $49.74 per barrel.
With a host of data expected from the US and the Euro Zone as well, markets are expected to get choppy ahead.
posted by Wise Money @ 9:27 AM
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