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US Session: The Dollar Trades Sideways Ahead of FOMC Minutes

11/24/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 0.50 GBP -0.13 EUR -0.15 CHF -0.16

FX markets have traded sideways today; as the morning bout of risk aversion on the back of weaker Asian equities soon gave way to risk appetite when European equities began recouping opening losses. We had a slew of data releases out of Europe in the morning, starting with Swiss Employment data that revealed a shock increase of 0.2% (annualized) in Q3, against forecasts for a -0.8% decline….

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