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US Dollar Forecast: Focus Shifts From Risk Rally To The Fed, NFP

US Dollar Forecast: Focus Shifts From Risk Rally To The Fed, NFP
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Focus Shifts , Risk Rally ,

dollar: Dollar edges higher as risk rally hits pause

Trading was thinned in Asia with Japan out on a holiday, and with investors still returning from an extended New Year break, currencies traded mostly sideways in early deals. ....

New Zealand , Ray Attrill , Saleh Al Arouri , National Australia Bank , New Year , Federal Reserve , Nasdaq Composite , Risk Rally , Major Peers ,

Detailed text transcripts for TV channel - MSNBC - 20120611:09:38:00

Prevent there being runs on spanish banks. so ultimately, over the weekend what we had was a deal hatched out, which means that the spanish banks could potentially get something like 100 billion euros, $125 billion u.s., to try and recapitalize. this is a large number. it s bigger than estimates so far for recapitalization. but the authorities are saying what we want to do here is banish all doubts about the ability of these banks to service their debts, and that s why we re going for this 100 billion euro number. we ve got a risk rally here in europe, markets are higher, the euro s at a two-week high against the dollar. it s made some gains. so, the market at the moment seems to be willing to trade to the up side on this news flow, but quite frankly, at the end of the day, nobody quite knows whether this 100 billion euros will do the job. back to you, luke. geoff cutmore in london, thank you so much. ....

100 Billion , 100 Billion Euros , 25 Billion Us , 125 Billion , Risk Rally , 100 Billion Euro , In London , News Flow , Geoff Cutmore ,