August 8, 2012
The Greenback's performance was as mixed as a bag of nuts yesterday as the U.S. currency gained against most of its major counterparts but lost ground to the Canadian dollar and Swiss franc. Will the Greenback be able to find a clearer direction today?
The lack of hard-hitting reports from the U.S. may be to blame for the Greenback's mixed performance yesterday and we just might see the same scenario today. A couple of medium-tier reports, namely the preliminary non-farm productivity and unit labor costs, are set for release at 12:30 pm GMT but these aren't likely to have a huge impact on the Greenback's price action nor on risk sentiment.
With that, better keep your eyes and ears peeled for any other events that might influence risk appetite today. Good luck!
"The only cable I watch is the pound baby."