EUR/USD: Springtime For The Euro

The Dollar reverted back to the loss category yesterday, after beginning the week showing some signs of a comeback. Yesterday's producer inflation numbers were generally seen as uneventful and "interest rate neutral" in terms of their likely impact on Fed thinking. The soft housing numbers, however, lent strong support to the "pause" argument, with many analysts fearful that rising rates could put additional pressure on consumer spending, and in turn contribute to the vital housing sectors cooling-off. Read More....