Are Traders Growing More Skeptical of Europe’s Financial and Economic Recovery?
• Japanese Yen Stalls after the G20 Gathering Avoids Implicating the BoJ for Intervention • Australian Dollar will Show its Sensitive to Rate Speculation with a Business Confidence Report • Canadian Dollar: Would a Balanced Budget Bolster the Loonie’s Appeal in a Stimulus World? Dollar Edges Higher as the Collective Fed Talk Takes a Modest but Tangible Hawkish Shift On an exceptionally light trading day, the US dollar would recover a little lost ground. Skeptical speculators could easily attribute this to a natural correction during a trading lull. However, there was a modest fundamental drum beat to entice a more meaningful and perhaps lasting reversal given the right support going forward. For performance, the trade-weighted dollar index marked its biggest daily advance in a week after recovering from a close call dip to retest Thursday’s nine-month low. Across the majors, this would lead to some interesting developments. Most notably, EURUSD threatened a tentative bearish break of i
