cler_99
05-16-2005, 07:35 AM
The US data was unsatisfactory with a sharp fall from the New York manufacturing alog to -11.1 in May from 2.0 the prior month. 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. Euro profits are not likely to be sustained, although some profit taking on long dollar positions could be encouraged by the information.
Analysis provided by http://www.fxtoday.co.uk
Analysis provided by http://www.fxtoday.co.uk