The US Dollar edged lower against major rivals in relatively thin trading due to the Martin Luther King holiday. Traders will be nervous today ahead of the release of Q4 earnings from IBM and Citigroup, which will weigh heavily on sentiment against the greenback.
- The head of the IMF stated that China and the other developing Asian economies are recovering faster than expected, but warned that this may lead to bubbles being created.
- The Euro slipped against Sterling as concerns lingered with regards to the situation with the Greek economy
- In the financial sector, Bank of America and Morgan Stanley report numbers tomorrow, and Goldman Sachs are scheduled for Thursday
Major Economic News