I think its the anticipation of a rate cut that was being referred to. Obviously the currency would react.
I don't think that's the cause though. There has been unusual strength in the USD as people are getting optimistic on a rate hike over there. Bond yields are up over there which are signalling some sort of economic recovery which will lead to higher rates. That's the biggest load of cr@p I have ever heard. What a bullsh!t bet that is.
Even MSNBC, the oracle of all that is bullish in the US put a lot of increases in reported earnings down to cost cuts and business rationalisation. Hardly, the sign of increasing demand.
They're always out for a good news story - trouble is the good news you here is just a polished up disaster story.
