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Odds the Euro Reaches $1.60

May 03, 2011
The euro is struggling to extend its advancing streak to the eleventh session. However, the main driver, of divergent monetary policy stances remains intact. In fact, news today that 3-month Euribor is at 2-year highs and 3-month Libor was fixed at its lowest level since March 2010, illustrates this force.
The word signals by Trichet on Thursday w…
Odds the Euro Reaches $1.60 Odds the Euro Reaches $1.60 Reviewed by Marc Chandler on May 03, 2011 Rating: 5
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Euro Streak Ends ?

May 03, 2011
The euro has advanced for ten consecutive sessions coming into today.  Yesterday's failure to establish a foothold above $1.49 appears to have triggred a bout of profit-taking and the euro has retreated to yesterday's lows. 
Profit-taking is also being seen in the dollar bloc.  The Reserve Bank of Australia left rates on hold for the sixth…
Euro Streak Ends ? Euro Streak Ends ? Reviewed by Marc Chandler on May 03, 2011 Rating: 5
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CNBC: Turning Point for Commodities & Dollar? CNBC: Turning Point for Commodities & Dollar? Reviewed by magonomics on May 02, 2011 Rating: 5
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Catalysts for Change in the FX Driver

May 02, 2011
The main driver that has led to a persistent decline in the US dollar through the last several months is the divergent thrust of monetary policy. It has left the Federal Reserve as a laggard in the global cycle and, in turn, has left the dollar with little support. Indeed after performing well following the announcement of QEII last November, the …
Catalysts for Change in the FX Driver Catalysts for Change in the FX Driver Reviewed by Marc Chandler on May 02, 2011 Rating: 5
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Dollar Mostly Firmer, but Euro even Firmer

May 02, 2011
The greenback is licking its recently inflecting wounds and has begun the week on somewhat firmer footing against most of the majors, except the euro and Swedish krona.  London markets are closed and so turnover appears soemwhat lighter than usual.  The general tone is consolidative in nature.  Outside of the death of Bin Laden, there were three d…
Dollar Mostly Firmer, but Euro even Firmer Dollar Mostly Firmer, but Euro even Firmer Reviewed by Marc Chandler on May 02, 2011 Rating: 5
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