A strong rally of the US dollar at the end of last week encouraged buying of risky assets driving equities and commodities higher. Words from one FOMC member saying that it would be reasonable to call for rate increases this year partially helped to trigger short-covering of dollar’s bears. Chinese exports above expectations in March […]
As the USD sinks, equities in most of the European stock markets fell in the past five days partially responding to a poor factory orders in Germany and also due to lower inflationary indices on the common currency area. The ECB once more came up saying that it will fight against the excessively low price […]
Janet Yellen composed her words in a more dovish tone to counterbalance the previous hawkish comments from some FED officials and a new sell off on the US dollar took the currency to a new low on the following sessions. On Friday the nonfarm payroll increased more than expected and the 0.1% higher labor force […]
