USD Trading Outlook (21-08-2012)
U.S. Dollar Trading (USD) not much movement on the markets overnight with little economic news out traders were focusing on the ECB bond buying proposal reported in a German Newspaper over the weekend. The ECB issued a rare denial Monday on the report stating ‘it is misleading to report on decisions that have not been made yet’. The German Central bank (BUPA) is still critical of the whole concept of ECB Bond buying worried it will create a moral hazard for reforming debt ridden EU countries. Looking ahead, no economic data today.
Back to Currencies Archive
