It's just a bit of profit-taking and general nervousness.
More Quotes from Adam Cole:
At the moment it seems like a pretty ring-fenced issue and it doesn't look like it's going to spill over into the market at large, but any risk aversion resulting from problems with trading would be dollar negative.Adam Cole
The market is building in a risk premium because of the uncertainty surrounding the election -- once we get that out of the way, all other things being equal, the euro will probably bounce.
Adam Cole
The yen has gained on the vote of confidence in the Japanese economy, and that rates may start to rise sooner than expected.
Adam Cole
The interest rate dynamics have been favorable and the indicators have been better than expected over the last four or five weeks.
Adam Cole
On balance the numbers were benign again, although slightly worse than what we expected because of volatile items such as food prices. The underlying picture is still pretty comfortable.
Adam Cole
I'm a rhythm player, and once I find it, I can contribute offensively.
Adam Cole
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