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Dust settling but dollar still strong

By   || December 31, 2009 at 16:41 GMT
|| 1 comment || Add comment

EUR/USD got a mild boost at the 16:00 GMT fixing but it had to rebound from session lows to get to the 1.4345/50 area. We’ve now eased back to the 1.4320s despite a downward revision to the Chicago ISM data released just a day ago. CNBC says there was some sort of annual revision which took the number down to 58.7 from 60.0.

USD/JPY is holding onto all its gains and Cable is pretty firm given its move from 1.5825 just a day ago. It now trades at 1.6170 in very thin (and sure to get thinner) trade.

AUD/USD is holding up well amid USD strength as global growth estimates are revised higher amid hopes of accelerating US growth in early 2010.  Couple that with fears that Japan will have trouble financing its ballooning debt are helping spark macro-shifts into AUD/JPY.

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One Response to “Dust settling but dollar still strong”

  1. Blueralph4 on December 31st, 2009 17:14 GMT

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