Archive for January 6th, 2011

New Overnight Developments Abroad - Daily Update

Confusion of More Divergent Economic Statistics

January 6, 2011

The dollar is generally firm, supported by yesterday’s ADP employment report, higher market interest rates, European economic divergence, and lingering euro area peripheral debt concerns.  The dollar advanced 0.4% against the euro overnight and is also up 0.3% against the Swiss franc and 0.2% versus sterling and the Australian dollar.  The dollar jumped 0.6% against […] More

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