Strong growth with low inflation: that’s what this months data shows. Stock markets dig it, and so does the dollar. EUR/USD fell briefly below the 1.3600 level, running into Swiss bids for a second day.
USD/JPY extended the range to the 93.73 level on stop-loss buying but selling from Asian reserve managers was seen on strength. Those same accounts are sad to have interest to buy cable toward 1.5400. It stalled again at 1.5450 a short-while ago.
Risk-on attitude should keep the crosses hopping….
UPDATE: Apple has posponed the international launch of the IPad by a month. That could lead to some dollar weakness
