Friday brought about an unpredictable course of price movements in the
currency market. After a week of indecisive movements, the US dollar
managed to end the week on a strong note. It was the most extensive one-day rally for the US dollar against the Euro since October, and...
Mixed US data out today. Bad US durable goods (-8.3% vs -5%), ugly US
consumer confidence (102.9 vs 106 expected), positive US home sales
(+0.5% vs -0.6%) and USD-supportive comments from Paulson. Today, US
Treasury Secretary Henry Paulson reiterates that a strong dollar...