Services PMI Data Shrugged Off
Services PMI data out of Asia, Eurozone and the UK has been nothing short of ugly, though this hasn’t done much at all in stopping the major currencies from extending their respective recoveries against the Buck. The primary driver of the Dollar selling has been the latest Fed action, in which the central bank committed to unlimited QE.
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What IS taking so long for the stimulus package to be approved? Is it just politics or are their substantive issues that the dems and republicans are arguing over?
Presumably....a little bit of both. Thank you for tuning in to the updates Kurt.