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January 24, 2014

Just a Minute

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Currencies: Dollar, Euro, Aussie Latest

Here’s today’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the financial markets: Main Trading Event Of The Day:  USD Crude Oil Inventories @ 14.30 GMT WHAT WE’RE WATCHING TODAY U.S. Dollar Strength Wanes, Aussie Slides, Euro & Other Major Currencies Subdued Investors trimmed U.S. dollar positions on Tuesday after a two-week run higher, seemingly unmoved by a U.S. March existing home sales report that beat expectations but still showed a modest decline to a one and a half year low. Trading ranges remained narrow as Europe returned from the Easter holidays and faced uncertainty over whether European Central Bank policy will move toward more monetary stimulus. The euro gave up some of its modest gains, but remained positive against the greenback and yen. European Central Bank President Mario Draghi recently stated that the euro's strength and very...

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