What is important is that the employment component of non-manufacturing ISM is a key leading indicator for NFP. I think we will have a reasonably strong NFP report on Friday. Now if anything is going to cause a change in direction (even if it is just temporary, this will).
So my view is this, dollar is weak due to QE2 (woops, mentioned it again), but you all should watch out for Fridays news, now this will be interesting..............
So my view is this, dollar is weak due to QE2 (woops, mentioned it again), but you all should watch out for Fridays news, now this will be interesting..............