Last night we saw the dollar regain some ground. US TIC
data came out better at 128.7bn and
positive comments from Geithner helped boost the dollar.
The yen has come up a little but still remains heavy. Nikkei
reports that Japanese car makers and electronic companies have changed their
internal rates to 80-85 from 85-90.
Euro came down to 1.3937 after Geithner comments late in NY
but jumped up with the aussie after the RBA minutes to 1.4005.
Aussie RBA minutes stated that the recent rise in currency
would help ease inflation, which pushed the aussie up to 0.9960.
Data today:
US housing starts – 12.30pm GMT
German ZEW survey – 9am GMT
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