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Archive - Dec 4, 2012

Marc To Market's picture

Heavy Dollar Tone Continues

Submitted by Marc To Market on 12/04/2012 06:33 -0500



 

The US dollar continues to trade heavily, with the euro and sterling edging to new multi-week highs and the yen consolidating its recent losses.  The main consideration appears to be the looming fiscal cliff, weaker data and the prospects for additional QE to be announced next week by the Federal Reserve.  

 

At the same time, tail risks emanating from euro area have diminished, even if the i's aren't dotted and the t's not crossed on  Greece's new program, or if the negotiations over bank supervision in Europe at today's EU finance minister meeting, are more protracted.  

 

 
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