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Is The EURO A Good April Fool Joke?
It was not even an April fool prank – just do not take dollar strength for granted. The mighty dollar dropped its guard yesterday and lost some of the previous night’s gained ground in the wake of a lower than expected US March ISM manufacturing data. It was only last week that global investors bobbed and weaved; shrugging off some near market misses, proving that the dollar love fest experience of late is not eternal starting the second-quarter. The EUR bears will have been startled awake from their holiday slumber and may even become a tad more apprehensive ahead of Friday’s US non-farm payroll number. Any ... (full story)
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