Trade is pretty random right now. We are just groping. Were it not for the situation in the Capital Building the dollar might not have been off at all.
We are still focused mainly on the potential that the Bank of Japan has decided to officially end its intervention. This is helping to boost the yen,
We had a stronger-than-expected industrial production number from Germany, which is giving underlying support to the euro, and the third factor is the weakness in the equity market,
We had a stronger-than-expected industrial production number from Germany, which is giving underlying support to the euro, and the third factor is the weakness in the equity market.
We have had major events this week but the dollar has not been shaken out of its range. The market is not ready to make a move until it has a clearer picture of the Fed's plans.
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