SubscribeAsian Session: Successful US Auction Helps Risk Appetite
May 29th, 2009 • Related • Filed Under
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The Usd was weaker in the Asian Session, as the closely-watched US Treasury auction yesterday took place without incident. The EurUsd traded between 1.4005 and 1.3936, while the UsdJpy traded between 95.00 and 95.50. The coverage ratio suggested that there is still strong demand for US sovereign debt and confidence (based on 54.4% share of indirect bids) in the greenback place as the world’s… | ||||||||||||||||||||
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