mardi 28 mai 2013

FX CHAT: Good US economic data dollar-positive


After Bernanke's comments last week sparked talk about the possibility of a sooner-than-expected rollback of QE3 if the recovery continues to gain traction, there is no such thing as second-tier US data. This morning we have consumer confidence from the Conference Board, Case-Shiller home prices and manufacturing data from the Dallas and Richmond Fed. "From here, the winner when US data beats expectations should be the dollar as relative rates move in its favor," says Kit Juckes of Societe Generale.

(ira.iosebashvili@dowjones.com)

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