Overview:  The US dollar is firmer against most of the major currencies.  Japanese and Indian markets were closed for holidays and a weaker than expected flash EMU PMI helped keep the euro pinned near this week’s lows.  Although the EU seemed to thrown UK’s embattled May a lifeline with some compromise wording in a draft declaration, …

Friday Read More »

Dollar Rebounds

After correcting lower since the middle of last week, and pushed faster if not further by President Trump’s comments, the US dollar is rebounding against most of the major and emerging market currencies today.  After an initial wobble on the back of the FOMC minutes, the greenback’s recovery began in earnest.   The minutes confirmed the …

Dollar Rebounds Read More »