Next 24 hours: Stocks extend record run, GBP profit taking kicks in
Today’s report: Yen holding up surprisingly well
The US Dollar has been weaker of late, and a lot of this has been attributed to fallout from last week’s abysmal US industrial production print, the worst in over ten years. The discouraging manufacturing update could only serve to embolden the US administration’s protectionist, soft Dollar agenda, and this has resonated with currency traders. read report