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US Session: Risk Appetite Returns as Majors Recoup Losses against the Dollar on Improved Equity Markets and Positive Economic Data from Europe
07/09/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Risk appetite resurged overnight as equity markets in Europe showed signs of improvements with most of the European indexes up more than 0.5% with the exception of FTSE. The Dow edged up 21ppts or 0.24% whilst the DAX up 58ppts or 1.27%. The decision on keeping QE intact boosted the cable over night–the Gbp surged 170pips against the dollar to 1.62, recouping losses from the Usd rally on strong… | ||||||||||||
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