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We have france off by 0. 5 , ftse off by more than 0. 5 as well. France, you will see it falling to 47. 3. Contraction in france. We are expecting manufacturing to contract in germany as well. We are expecting the eurozone to see the first contraction in manufacturing for more than a year. In the united states, it is all rosy. Plenty of growth in u. S. Manufacturing. Lets have a look at how the fx markets are doing. The new Zealand Dollar is trading lower, falling the most in three weeks. Inflation at the bottom end of their target range. On the up, it is the dollar. Pimco and big investing groups are saying it is a nobrainer, by the dollar. They say everyone is going to be buying u. S. Treasuries. If you are an international investor, the only security is the u. S. Treasury. They are getting out of italy, getting out of spain, getting out of germany. That is why pimco says it is a nobrainer to buy the dollar. The germans, spaniards are putting their money into u. S. Treasuries. We wil

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