Apr 5, 2013
Forex Flash: USD reveals reactionary trend surrounding data releases – ANZ
FXstreet.com (Barcelona) - The US dollar is showing early signs of responding differently to US data. Whether or not this is consistent with one’s view of the world, it is, for the time being, a reality. “For data that surprises to the upside, there seems to be a threshold between those data that are just ‘better than expected’ and those data that are ‘significantly better than expected’. Of course, the market is attempting to distinguish those data consistent with the FOMC’s current assessment of the labor market from those data that may challenge it.” notes the ANZ Research Team.