Investing & trading with exchange-traded funds (ETFs) and closed-end funds (CEFs). Strategies & analysis but no buy or sell recommendations.
Visit SeekingAlpha ETFs
Currency Markets Taking Cue from Sliding U.S. Stocks
Posted on June 11, 2008
The currency market is taking its cue today from the performance of US stock markets in the absence of major US economic releases. The US dollar initially rose against the Euro, Swiss franc, British pound and Japanese yen but is now trading lower versus these currencies. European Central Bank s Juergen Stark said Wednesday that markets understood the central bank s signal to raise interest rates next month, but he poured water over the speculation of a series of interest rate increases. ECB s Noyer is also sounding a little hawkish today, saying that while a July rate increase is possibl...
Original article link
Subscribe to SeekingAlpha ETFs