US Session: US Equity Sell-Off On High Volumes Boosts The Dollar

10/26/09 by Daily Forex Snapshots  
Filed under Forex & Futures

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G10 Advancers and Decliners vs USD
GBP 0.17
JPY -0.14
EUR -0.58
CHF -0.73
The European session was extremely uneventful as German GfK Consumer Confidence was the only timetabled release, and markets largely ignored the number. GBP provided the only noteworthy movement in the morning as some profit-taking from Friday’s dramatic sell-off pushed GBPUSD from 1.6252 to 1.6396, causing it to be one of the best performers on the day.

In the afternoon BoC’s Carney was billed…

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