Previous session overview On Wednesday, the dollar was knocked down by a weak U.S. private-sector jobs report and worries from European Central Bank President Jean-Claude Trichet that inflation there may "explode." Those expectations helped push the euro to as high as USD1.5889 Wednesday, a 10-week high and not far from its lifetime high of USD1.6020. EURUSD rallied through resistance at 1.5850 as Oil jumped higher. May PPI came in strong at 1.2% m/m confirming inflation fears in the Euro Read More...

Filed under: Fundamental