http://quote.bloomberg.com/apps/news?pid=10000103&sid=anEJaU2BEfvk&refer=news_index
The consensus was for a rise to 14.5. Instead, the number was 25.3, indicating stronger than expected business climate. The dollar strengthened immediately. A surprise will do that. Others attribute the dollar's sudden strengthening to a resurfacing of the rumor that Osama Bin Laden has been captured. Take your pick. In the past hour the dollar has improved against the Euro by nearly 100 pips.
Thursday, April 21, 2005
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