The US Dollar remained heavy in Asia as it hovered near NY lows for the majority of the day. Equities continued the strength begun earlier on Wall Street to the tune of 1% while risk demand followed the moves higher. With stronger demand for commodities and risk assets, the dollar continued to be sold to fund these trades due to its low interest rate and the assumption that it will not be changing anytime soon. Full text »
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment