Wednesday, March 15, 2006

Dollar Slips Again

The main story for today is:

Data from the Treasury Department (TICS) showed capital inflows into the US rose to 66.0 bln usd in January from a downwardly revised 53.8 bln usd. But the increase is just below that needed to cover a trade deficit of 68.5 bln usd over the month.


[Source: ForexTV]

A slight negative news for the dollar. After the news:
  • EUR vs USD traded as high as 1.2061
  • GBP vs USD traded as high as 1.7494
  • USD vs CHF traded as low as 1.2973
  • USD vs JPY traded as low as 117.13
Summing up: The dollar has three consecutive poor sessions despite good job reports on Friday. The tide has indeed turned against the dollar and, I think, will remain so for the rest of the week.

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