The Traderszone Network

Published in TZ Latest News 26 July, 2014 by The TZ Newswire Staff

Respecting The FX Price Action

By Marc Chandler:

Against the major currencies, the US dollar had a good week. It appreciated across the board, with two minor exceptions. The Swedish krona continued to recover from the slide spurred by the larger than expected 50 bp rate cut at the start of the month. A few data points, including June manufacturing PMI and June CPI were stronger than expected, and helped ease stagflation fears.

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