Turn Around Tuesday Call in Early Asia Yesterday

Marc Chandler Marc to Market

I had time this afternoon, as I prepare for my TMA presentation tomorrow night here in Hong Kong, to find my clip from yesterday on CNBC, where I suggested the risk of a dollar recovery after it lost downside momentum in North America on Monday.

There has not been much follow through today, though the euro broke below $1.08 in late-Asia and is maintaining the break in early European turnover. Sterling is the big mover. It was marked down in early Asia, but stabilized and has recouped a third to half of its losses. Benchmark yields are flat to slightly higher, while equity markets are firm.

Click here for the video clip.

Author

Marc Chandler

Marc to Market

Experience Marc Chandler's first job out of school was with a newswire and he covered currency futures and Eurodollar and Tbill futures.

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