Dollar under slight pressure....

The dollar starts the week under slight pressure as the market awaits the ISM number this morning. Sterling rose to a two week high against the dollar (1.7670) but with a rates cut expected on Thursday the upside seems limited to me. The Kiwi has grinded higher (from .6790 to current .6850) since its rate announcement last week. The Central Bank was clearly more bearish then expected and that has given support to the currency.

I remain a dollar bull and I am currently looking for a new area to buy dollars.


FXTRADINGIDEAS@AOL.COM