Forex Flash: It’s the dollar, still - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that the greenback continued to climb higher against the majors on Tuesday as markets continued to focus on positive Fed/greenback prospects.

He adds that EUR managed to fend off the worst of dollar bullishness (and chalked up minor gains on the other majors) following mixed data (better than expected industrial production but softer than expected German ZEW) and the Fitch rating upgrade for Greece from CCC to B-. On other fronts he adds, “AUD also lost support following the budget announcement revealing a more protracted timetable of four year for returning to a budget surplus.”