SubscribeUS Session: Dollar Continues to Undergo Selling Pressure Despite Easing in Risk Appetite
May 29th, 2009 • Related • Filed Under
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The recent rally in equities came to a screeching halt following worst than expected housing data in the US. The FX markets neglected to follow the pattern of US stocks and the dollar came under pressure as economic fundamentals in Europe showed slight signs of improvement. German ZEW beat estimates of 20.0 coming at 31.1, while in the UK inflation data was in line with expectations. The surge… | ||||||||||||||||
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