We are seeing a little firming up, usually it would be a gap fill, but in this case it looks like the Euro is firming up after the Spanish auction slide, thus the $USD is weaker given the market some breathing room, for the moment anyway.
Yesterday's close, the overnight ramp before the Spanish auction and slide after.
A closer view shows the Euro firming and the $USD weakening.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment