Now that the dollar is getting a lift from the comments from the Dutch PM saying that the Greeks should consider going to the IMF, Cable is pulling back sharply. Traders report buy orders at the 1.5000 level. We trade now at 1.5014.
Regarding the Greece/California comparisons constantly made in the market, a California budget official says that California’s deficit to GDP ratio is below 5%. Greece is close to 13%…
