USD is mildly stronger against major currencies after Treasury Secretary TimothyGeithner said the US ‘will not engage’ in currency devaluation. Dollar-denominated assets weaken as a result with WTI crude oil falling below 82 and gold dipping to as low as 1352.7. Confidence data released in the Eurozone beat market expectations but failed to halt the single currency 3rd day of retreat. Aussie also slipped after the RBA said the decision to leave interest rates unchanged was ‘finely balanced’.
More here:
Commodities Lower as Geithner ‘Supports’ Strong Dollar
Leave a Reply
You must be logged in to post a comment.