There is quite a lot of news coming out of Japan, which I think is putting the yen under some weakness.
More Quotes from Ian Stannard:
Gains in commodities provided a positive backdrop for the Canadian dollar.Ian Stannard
This is the worst outcome possible for the euro. Not only is there no clear winner, it will be difficult for either side to form a coalition and there seems to be hostility to the idea of a grand coalition. It looks as if it could drag on for weeks if not months and that uncertainty is the worst thing for markets,
Ian Stannard
Expectations in the bond market have been high, thus any disappointment over the auction (particularly with the level of foreign participation) could put the dollar under renewed pressure.
Ian Stannard
The sentiment is turning dollar negative -- probably the biggest factor putting the dollar under pressure is the rise in oil prices and rise in gold prices.
Ian Stannard
This adds to the impression that Asian central banks are going to be prepared to raise interest rates, and ultimately allow more strength in their currencies.
Ian Stannard
The market is still concerned about the interest rate and whether the Fed is on a possible pause.
Ian Stannard
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