Friday, February 11, 2011

Dollar boosted higher last night!


The dollar is on a roll!! It’s been strengthening as the treasury yields pushed higher on the back of the better jobless claims figures that came out yesterday.

The Euro dropped lower after European peripheral bond yields pushed higher.

The BoE left policy unchanged as expected and we saw the cable push up a little. But after the US data, the cable came back down below 1.6100.

The Aussie too joined the crew and traded heavily after the figures, which of course is good for me considering I have my open short Aussie position!!

Data today
German Final CPI – 7am GMT
UK PPI output – 9.30am GMT
US Michigan Sentiments – 2.55pm GMT

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