Right now the Euro is taking a hit in recent trade, sending the dollar higher, which could pressure US markets tomorrow morning, as usual though, a lot can happen overnight.
The red arrow is where the FX EUR/USD par opened this week, in the red box, the recent plunge. The only thing I see is the rating agencies are now flip-flppoing a bit and hinting that the Greek debt rollover plan could trigger a default which has the ECB scratching their collective heads and a little upset.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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