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US Session: Lack Of Fuel For Risk Appetite Allows The Dollar To Rally
10/27/09 by Daily Forex Snapshots
Filed under Forex & Futures
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The USD has reclaimed more ground against its major counterparts today as a lack of economic data and indifferent performance in equity markets provided little stimulus for risk appetite. The DXY is now comfortably above the 76-handle at 76.20; with EURUSD back around 1.4800 levels and USDCHF testing major resistance up at 1.0250.
The main market-moving news this morning was Swedish PPI data… |
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