The dollar strengthened against the Euro and the Japanese Yen ahead of tomorrow's Interest Rate decision, albeit it has fallen back in early trade. Relief that the Dubai and Greek debt situations have been clarified has in part added to confidence levels.

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Market News

  •  The Dubai loan has tempered fears over further sovereign debt defaults
  •  Commenting on sovereign debt, Moody's stated this morning that they feel that AAA rated countries should look to reduce debt as opposed to waiting for the economies to improve

Fitch commented this morning that China avoided recession, but risks remain in place

Major Economic News

TIME

MARKET DATA

1330

Core PPI

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