cler_99
05-16-2005, 07:34 AM
The US data was unsatisfactory with a sharp fall from the New York manufacturing alog to -11.1 in May by 2.0 the preceding month, the . The capital inflows statistics for March was poorer than anticipated at US$45.7bn for its month following US$84.1bn the past month, the lowest since September 2003. Some profit taking on long dollar positions could be encouraged by the information, however, Euro profits are not likely to be sustained.
Analysis provided by http://www.fxtoday.co.uk
Analysis provided by http://www.fxtoday.co.uk