There are no major economic releases in the U.S. today
The dollar rallied yesterday as oil fell more than $5 per barrel to its lowest level in six weeks. As equities rose, investors revisited the carry trade putting pressure on low yielding currencies such as the Japanese yen and Swiss franc. Overnight, ECB president Trichet commented that Euro-zone growth is likely to slow in the 2nd and 3rd quarters. These comments, as well as better than expected earnings by Citigroup sent the dollar higher versus the euro. Sterling fell on speculation that the...
7/18/2008 1:31:05 PM
FXstreet.com: Fundamental: Fundamental Market View
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