1.3016 the low thus far as rising US yields on dwindling hopes (fears) of QE3 after yesterday’s mildly upbeat view from the Fed.
The dollar continues to firm across the board as long-term macro accounts switch out of dollars as the funding currency for carry trades and into JPY and CHF. Both the Japanese and Swiss governments could not be more delighted…
1.2975 is the key technical level below the market if 1.3000 barriers can be overcome.
