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“From a very low base the German data has been performing very strongly, confidence is up and activity is up. The euro will continue to benefit.”
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“The risk is that euro/dollar still heads lower into Wednesday first due to negative press surrounding the German election.”
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“Everyone is sounding positive on the dollar, so you've got to wonder where new buyers will come from in the short term. The dollar may have more gains left, but by most indicators it's looking very overstretched at the moment.”
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“We still have the underlying deficit issue, which the market is still focusing on. We're going up through $1.22 over the next couple weeks.”
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