email:  
 
 
  
 

Thursday, February 02, 2006

The Loonie and Retreating Natural Gas

The Dollar was strong throughout the day yesterday, especially against the Euro. The optimism was the result of elevated rate expectations in the U.S. after the quasi-hawkish commentary released by the Fed on Tuesday. The Conference Board's service sector PMI report also helped matters, as the number bettered the previous month's figure (Jan 54.8 vs. Dec 54.2). Read More....