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US Dollar Remains Offered

From marctomarket.com

The poor price action on Tuesday in the S&P 500 was shrugged off, and new highs for the recovery were made as the record high nears. The dollar, on the other hand, seemed to find plenty of sellers against most of the major currencies. The yen was a notable exception. The dollar traded above JPY107 for the first time nearly three weeks yesterday, but could not sustain the move today. The yen is also trading at new lows for the year against the euro. The soft yen gave Japanese shares a boost. Most markets in the region rose except Hong Kong and Australia. The MSCI Asia Pacific Index made new six-month highs today. ... (full story)

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  • Category: Fundamental Analysis