posted by Admin on Feb 18
The US Dollar moved higher as traders fled the Euro and Australian Dollar once again, and there was some bullish indications from the release of the Fed minutes. Following a good run, some of the sparkle has run out of the Euro, with investors appearing to prefer the relative safety of the US Dollar. The push higher was furthered as minutes showed that Federal Reserve policy makers had discussed asset selling.
Market News
US housing starts figures released yesterday rallied to a 6 month high
The Bank of Japan held rates at 0.1%, as expected last night, by a unanimous vote. Their economy continues to pick up.
The IMF announced that they planned to sell 191 tonnes of gold on the open market as opposed to central banks.
Major Economic News
TIME MARKET DATA
1330 US PPI
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