On the heels of word of a bailout plan for Greece, the euro has rallied rattling sharply against the U.S. dollar (top chart), putting inwards a multiweek high in addition to establishing back upward at a double bottom. Meanwhile, it's non simply against the euro that we're seeing USD weakness: Federal Reserve annotation the rigid Aussie dollar (middle chart) in addition to the recent rally inwards gold.
The weak dollar is supporting theatre commodity prices, equally we're seeing a full general guide chances rally opening the week. The U.S. stock index futures are trading at bull marketplace highs to offset the calendar week in addition to we're seeing firmness inwards oil, copper, in addition to gold. I volition post service a marketplace indicator update earlier the opened upward on Mon to review where nosotros stand upward going into the fresh week.
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