Euro / U.S. DollarShort
Possible Bearish After Fundamentals
***San Francisco Fed Bank President Mary Daly said in an interview with Reuters that two more rate hikes this year is a "very reasonable" projection
***Carol Kong, a currency strategist at Commonwealth Bank of Australia, said the global economy would likely continue to deteriorate amid the aggressive monetary tightening in major economies. That "will underpin the safe haven U.S. dollar," she said
***The U.S. dollar rose to a 15-month high against the rouble on Monday after dramatic weekend events in Russia, which saw an aborted mutiny by heavily armed mercenaries."The armed uprising in Russia ... despite being aborted, lay bare risks of Russian instability from within," said Vishnu Varathan, head of economics and strategy at Mizuho Bank.
***German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe's largest economy faces an uphill battle to shake off recession
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