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US Session: Dollar holds steady as encouraging economic data boosts consumer confidence
07/14/09 by Daily Forex Snapshots
Filed under Forex & Futures
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The dollar held steady against most majors, responding to positive U.S. economic data. The EurUsd dropped 30pips, while the UsdJpy fell 17pips to a low range of 92.9. The GbpUsd remains bullish with inflation rates expected to continue rising in the near term. Equity markets were somewhat flat in the US and Europe with the Dow up just .08% or 6.34pts and the FTSE up .85% or 35.55pts. The yield on… | ||||||||||||||||||||
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