Dollar exchange rate will stabilize, – BMO analysts

BMO believes in the dollar exchange rate

In brief: BMO currency experts express confidence in further growth of the dollar exchange rate.

PMI index in Chicago unexpectedly exceeded the projected figure for the first time since April, and reached 62.3, which, as noted BMO currency analysts, should provoke a surge of activity in the near future.

Euro / dollar rose to 1.3020 against the backdrop of growing euro / yen immediately after the release of data on index PMI. Meanwhile, trading on the pair remains quite weak. Dealers continue to report on fixing up the month and sales of the dollar, but at the same time note that the book orders do not justify the associated expectations. Current euro / dollar 1.3021.

Igor Tringlers
2010-08-01 18:27, Currency news.

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