Article Feed
Twitter
US Session: Dollar Freefall Continues on Unclear Growth Data and Rising Inflation Expectations
05/29/09 by Daily Forex Snapshots
Filed under Forex & Futures
|
The trend of dollar weakness continues to dominate FX markets, with the Jpy being the only currency to decline against it. The EurUSd surged 125pips breaking a major resistance point of 1.40, while the UsdJpy trades sideways hovering near the previous session’s close. The GbpUsd rose 66pips establishing a new target of 1.5950, despite yesterday’s concern regarding a possible downgrade of UK… | ||||||||||||
Comments
Tell us what you're thinking...