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Updated Mar 5, 2013 4:05:00 PM
The USD was choppy throughout NY trading and is mostly weaker at time of writing as risk sentiment advances. The buck is currently softer against all of the G10 currencies with the exception of the CAD and CHF. The AUD is outperforming after the RBA kept rates on hold at 3.00% last night and said that there is scope for demand to strengthen in non-resource area. US equities traded notably higher as the Dow Jones [...] Continue Reading ...
Updated Apr 3, 2013 10:00:00 AM
The problem with this US recovery and stock market rally is that no sooner are you lulled into a false sense of security that the economic recovery will continue then a data point reminds you that the US recovery is still fragile. Take today’s ADP report, it missed expectations of a healthy 200k and came in at 158k for March. This is still a good run-of-the-mill number, but it’s not the magic 200k that everyone [...] Continue Reading ...
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