The US dollar emerged as a winner from the mixed NFP report but seems hesitant to continue forward on worries from Chinese trade data, a Saudi political shakeup and the Greek crisis which is back. The Eurogroup meetings are in the limelight with no solution in sight. With a high level of correlation, a speech by UK PM David Cameron on Britain’s role in Europe could certainly heat up the debate. The greenback holds its ground against most currencies despite a real lack of enthusiasm for a rate hike in June.
Wrap up of the morning show for Monday, May 9th 2016:
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