Front and center this morning is the fact that the NY boys and girls didn’t like the Greek bailout one iota yesterday, sending the single unit below 1.32… When the traders in Asia and London returned last night and this morning, they too did not like what they saw and sent the euro (EUR) even lower.
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Personal Spending Outpaces Income
Well, the happy morning for the commodity currencies turned sour on the day, as the risk assets all got slapped around by the markets. The risk assets went sour after the personal income/spending data printed…
Say it ain’t so, Joe!
Is this a case of “here we go again?�
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