05-13-2010, 01:25 PM
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Superior Investor
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Join Date: Sep 2008
Posts: 11,435
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Mid-Day Report: Dollar and Yen Fight Back, Crude Oil Lower
Dollar and yen are trying to fight back against European majors in early US session. Dollar index jumped above 85 level and is heading to test 85.24 near term resistance. There is some support to the greenback from weakness in crude oil as the commodity drops through recent low of 74.51 to resume the near term down trend. Data from US saw jobless claims dropped slightly to 444k. Import price index rose 0.9% mom in April.
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