Daily Comment
Thursday, 2nd September 2010
Sentiment Lifted Again by Strong Data
The euro saw further modest gains versus the dollar yesterday to see weekly highs of $1.2855, though it failed to hold this level overnight. With risky assets and high yielders already trading higher on the back of reports of a sharp rise in Australia GDP in Q2, sentiment was further boosted by yesterday afternoon’s news that the US manufacturing sector expanded at a faster than anticipated pace in August.....
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