Asian session – US dollar off highs while European PMIs, flash inflation on tap
Posted on January 4, 2017 at 8:08 am GMTThe US dollar index backed off a little from its 14-year high registered the previous day, as traders took stock of the greenback’s strong start to the New Year. Manufacturing sentiment in the US, China, the UK and Japan seemed to confirm that the global economy was starting 2017 in a positive spirit, which augured well for further Fed rate hikes and an even stronger dollar. The euro managed to reclaim the 1.04 level for now, having dipped to as [..]