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US Session: Dollar Freefall Continues on Unclear Growth Data and Rising Inflation Expectations

05/29/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD NZD 1.63 JPY -0.17

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…

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