The chatter is that everyone is waiting for today's employment report so there's a lot of position readjustments and hedging. On top of that news from Ireland are very bad and rumors are circulating that ECB is now purchasing not just Irish but Portuguese bonds as well. So given the risk-averse situation no wonder the dollar is now correcting.
For those with taste for more tactical positions, however, that would present a good "buy the dip" opportunity
Rgrds
S
For those with taste for more tactical positions, however, that would present a good "buy the dip" opportunity
Rgrds
S