USD-
The Dollar has been greedily coveting the limelight all of this week, especially today as a scramble for Venezuelan Oil reserves heats up. It's been the dream start to the year for the President, with a so far successful operation in Venezuela and a seemingly improving home front with regards to the economy.
Already slim chances of a January cut by the Fed have receded further as US PMI data yesterday showed a confident and robust service sector. This has had the effect of modestly strengthening USD at a time when its seems unable to do any wrong.
If only we had some major UK or European releases this week it might not be so one-sided, but we'll have to wait until the 3rd week of this month before UK data starts rolling in. Until then, it seems to be advantage Dollar.
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