November 22, 2009

Dollar Revels in Continued Risk-Aversion -

Dollar Revels in Continued Risk-Aversion - "Plentiful access to liquidity has been seen as one of the reasons riskier assets have rallied. Any suggestion such programs will end is generally viewed as a negative for growth-sensitive stocks and commodities as well as higher-yielding currencies such as the euro.
Until central banks offer clues as to when interest rates might change, bit-by-bit releases of global economic data are likely to drive currency markets, analysts said.
'Economic data will still be key going forward, but we will need to see some very nice numbers to push through $1.50 in the next couple of weeks,' Jane Foley, a research director at in London, said of the euro direction."

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