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European Session: ECB Comments Grow More Ominous Regarding the State of the Global Economy Despite Positive GDP Growth.

08/25/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD NZD 0.44 AUD 0.15 NOK -0.12 GBP -0.15

The dollar weakened against the majors after limited price action in the previous session. The EurUsd gained 43pips to the mid range of 1.43, while the UsdJpy fell 32pips to 94.24. The GbpUsd is marginally higher maintaining a tight range of 50pips between 1.6400and 1.6450. Equity markets are positive in the US and Europe with the movements more pronounced in the Dow and S&P500 both higher…

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