The Dollar Recovers On Technical Momentum

11/12/09 by  
Filed under Forex & Futures

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G10 Advancers and Decliners vs USD
GBP -0.25
JPY -0.62
EUR -0.81
CHF -0.85
The USD has recouped some losses today as equities put in a mixed performance and stale USD shorts were cleared from the market on technically-driven momentum. The morning’s release of European Industrial Production was broadly balanced in effect on risk sentiment as the September reading missed forecasts at 0.2% MoM (0.5% expected), but the reading from the month prior was revised higher from…

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