“The direction of the U.S. dollar: Since the economy shows signs of slowing, investors are worried that if the dollar weakens further it might affect equities and other US dollar-denominated investment vehicles. They are also worried about U.S. producer price figures for May.”
“Over the last few days market trading has been very thin and there has not been much volatility to speak of. The index has been up maybe 30 points and down about 70.”
“Most of the markets in the region are also under selling pressure on fears of rising ( U.S. ) interest rates. The funds have definitely been trimming down their [Asian] exposure.”
