With little in terms of fresh news or developments overnight, traders appear content to trade the U.S. dollar within its current ranges against the world's major currencies.
More Quotes from Alex Beuzelin:
The headline number was much higher than anticipated. However, if you strip out the transport component, the number was a little soft. This number is notoriously volatile.Alex Beuzelin
Since there was no expression of concern at the yen's strength, traders interpreted this as a green light to resume their yen buying,
Alex Beuzelin
Deteriorating market sentiment for the U.S. economy and yesterday's less-than-ringing endorsement of the strong dollar policy by Treasury Secretary Paul O'Neill fueled the dollar's latest losses,
Alex Beuzelin
Today's record high trade deficit number only serves to play up the market's concern about the large imbalance in the U.S. trade account,
Alex Beuzelin
They talked the talk, now they have to walk the walk.
Alex Beuzelin
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