Wednesday August 17, 2005 - 13:05:23 GMT
Share This Story
FX Today - www.fxtoday.co.uk
Can the dollar push stronger?
Producer prices rose by a stronger than expected 1.0% in July due to a surge in energy costs with a 0.4% underlying increase. This increase should offer some dollar support, although the implications will be limited given the interest rate expectations already in the market. The dollar is not looking entirely comfortable stronger than the 1.23 level, but there is a good chance of an attack on the crucial 1.2250 level after any initial Euro corrective bounce stronger.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."