Dollar Data Due In – Tuesday 27th May 2008 at FinGad.com

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Dollar Data Due In – Tuesday 27th May 2008

Categorie: Currencies
Submitted 6 months ago by

Denese

The weekend has been quiet with the Memorial Day holiday in the US, but we could see some volatility today with the data that is due in. The expectation is that the data is going to confirm the seriousness of US economic conditions with no expectations of a bright number here or there to put a light at the end of the tunnel. The volatility is already apparent in Eerly morning trading which has seen the dollar strengthen against the franc and the euro after hitting lows of 1.0226 and 1.5819 at 2:00 am then jumping to 4-day highs of 1.0290 against the franc and 1.5738 per euro in about an hour. The dollar is now trading at 1.5753 against the euro and 1.0275 against the franc, compared to yesterday's close of 1.5772 and 1.0248, respectively. Time border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0cm 5.4p... More...

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