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Starting the day
Posted on June 30, 2008
Good morning! Welcome to a new day in forex market. The first half of the year comes to an end with dollar really weak, falling across the board as the market has already priced in a rate hike from the ECB this week, while the most important report of the US, Non Farm Payrolls, is expected to disappoint also. In this situation, greenback continues falling against it s major rivals despite the over sold state the currency is showing, yet dollar bears seems not that tired yet. Today, we have the following news, East time: 5:00 EUR CPI Flash Estimate (Expected 3.9% Previous 3.7%) 9:45 USD C...
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