DOLLAR: The Dollar ranged up sharply in the face of the Greece derailment but surprisingly the Dollar was unable to hold the brunt of those gains into the US early trade. Limiting the Dollar gains is talk that the ECB stands ready for additional talks and the talk of additional emergency funding by Wednesday. With […]
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Throughout this past week, many traders had the same question: How could the little island nation of Cyprus wreck so much havoc upon global markets? Although Cyprus has a population of just over 1 million and a GDP that is less that 0.15% of the total for the 27-nation European Union, their financial service sector […]
While the tone of recent US economic data was improved by Tuesday’s ISM number, overseas risk concerns remain the Dollar’s main source of support.