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. |