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By Editorial Staff
Wed, 03 Feb 2010 12:00:00 ET
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Another day brings another pile of economic news.
 
"The U.S. economy cut fewer jobs than forecast last month" (Bloomberg)
-- That sounds like bullish news for the U.S. dollar.
 
"... the EU endorsed Greece’s deficit-cutting program." (Bloomberg)
-- Hmm, that sounds bullish for the euro.
 
"The MSCI World Index of equities rose 0.2% for a third day of gains, its longest winning streak in almost a month." (Bloomberg)
-- Um, well, that's bullish... for all global currencies?
 
You know how confusing it can be to gauge trends in currencies by watching forex news reports. They often conflict with each other -- or, worse yet, sometimes you can interpret the same report as both bullish AND bearish!
 
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Tags: U.S. dollar, euro
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