Economic data bad Mixed dollar index dilemma

Each trainee reporter Yang Ke the June ISM non-manufacturing index or the highest for last September, this will ease the market's risk aversion; the G8 summit will soon see the dollar's position and the proposal for a new global reserve currency to be the focus of attention;　　　Hui Sheng Company analyst Hai that the dollar has been super buy, short-term shocks fall more likely, the proposed investors are short short-term. The US jobless rate hit a 25-year high in Thursday, with global risk aversion once again being sparked and a rush of buying spree into the dollar. The greenback rebounded sharply to 1.1680 per cent against the Canadian dollar yesterday, rebounding to a new high after bottoming out in early June.　　As of 20:12 (Beijing time, same below) before the press deadline, the dollar index has been raised to 80.85 points, the highest since June 15.　　The ISM non-manufacturing index or the Monday evening 22:00 (Beijing time, the same below), the United States will release the June ISM non-manufacturing index, economists surveyed by Bloomberg expected to show that the index will rise from 44 to 46, the highest in 9 months. In fact, last week the US released the June ISM manufacturing index, which rose from 42.8 to 44.8, the highest level since August last year.　　Market analysts believe that the data, although rising, shows a slowdown in manufacturing activity.　　It is understood that the U.S. ISM non-manufacturing index measures the operation of the manufacturing sector, which is based on employment trends, prices and new orders and other data, the entire U.S. economy accounted for nearly 90% of the proportion. Jeffreyroach, the chief economist at Deepwater Investment, said the U.S. economy is now close to the bottom, but it is still not shrinking and the economy is not really recovering.　　Market analysts point out that if the data is better than expected, it will push up market risk appetite sentiment, the dollar or be suppressed. The G8 summit will discuss the status of the dollar in Wednesday, the Group of Eight (hereinafter referred to as G8) and major developing countries, including China and India, will hold leaders ' summits in Italy's Aquila, unlike in the past, the G8 summit will produce a G14 joint statement. The source noted that China had asked to discuss the new global reserve currency proposal at a summit this week, and that the issue might also be mentioned in the G8 statement. However, according to people familiar with the matter, the final joint statement of the G8 summit could not explicitly mention the dollar's status as a global reserve currency. Before the G8 summit, the market had a sharp voice, Russian President Dmitry Medvedev in a recent interview with Corrieredellasera, said the dollar system or the dollar system and the euro system has shown their shortcomings. Huwmckay, senior international economic engineer at the western Pacific Bank of Australia (Westpacbankingcorp), argues that European countries do not want to see the dollar collapseAnd the consequences of a big devaluation. Jim Rogers's empty dollar and treasury bills are likely to be devalued by the rapid rise in U.S. government debt and the weakening of investor confidence. Jim Rogers, chairman of the International famous Investment master, Rogers Holdings (Rogersholdings), said.　　Mr Rogers added that the US government would not only print large amounts of dollars, but also borrow heavily, and would no doubt hurt the fundamentals of the dollar, which he personally has sold a lot of dollars in currency positions compared with last year and is preparing to short US Treasuries. The dollar index, which tracks a basket of currencies (including the euro, yen, sterling, Swedish krona, etc.), has seen a cumulative decline of 1.2% per cent this year, while the index rose 6% in 2008. Mr Rogers points out that he has now bought some Swiss francs and some Asian currencies, including the yen, Singapore dollar, renminbi and Australian dollar. The "Golden Eye" of Wall Street, Rogers, has successfully predicted the bull that global commodities began in 1999. He also points out that resource assets will rise again as they are an asset that is improving on a few fundamentals.　　The REUTERS/JEFFERIESCRB index, which tracks the price performance of 19 kinds of raw materials, has risen to 7.1% this year, the world's best-known figure. Hai, chief analyst at the Forexsigns Beijing representative office, said in a recent report to the daily economic news that the dollar had been bought over from a technical level and that the likelihood of a short-term shock fall was greater.　　Investors are advised to wait until the dollar rises to 80.50 highs, shorting the dollar and looking at 79.30 lines. China Merchants Bank Capital Exchange, in a recent study, recommended that investors look at the euro against the dollar, sterling against the dollar, the US dollar against the Swiss franc, while the dollar against the yen could buy yen in line 961, targeting 95.15 and stop-loss 96.50.