Thursday, August 03, 2006

I expect another Quiet FX session

The dollar recovered a little last night as I believe this is position squaring in front of the Employment number tomorrow. Also this morning we have the announcement from the ECB (25bp expected) and Bk of England (unchanged). It will be the commentary which will be looked at closelt. Just how bearish will the ECB be? I think they will definitly lean that way. I will update my thoughts later today.



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