- Boosted earlier in the week by a slow European inflation print, the dollar (UUP +0.6%) continues a nice run following a (barely) hawkish Fed Wednesday, and strong regional and national manufacturing data yesterday and today.
- The biggest move has come against the euro (FXE), where ECB rate cut hopes arise after EU annual CPI came in at just 0.7% in October vs. consensus 1.1%. Core CPI of 0.8% fell from 1% previously. Pushing $1.40 and having the bears avoiding margin clerks one week ago, the euro now is buying just $1.3485.
- Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR.
- Dollar ETFs: UUPT, UDN, UDNT.
Dollar continues nice run
Nov 1 2013, 11:41 ET