SubscribeUS Session: Dollar Weakens on Expectations for Further Downside in Global Economy, Fed Looks to Source Liquidity from Private Sector
May 29th, 2009 • Related • Filed Under
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The dollar depreciated against most of the majors following a resurgence of pessimism regarding financial markets. The EurUsd gained 110pips testing 1.39 as a point of resistance, while the UsdJpy fell nearly 70pips to the low range of 94. The GbpUsd continues to rally trading with a 1.58 handle in contention with expectations for further quantitative easing from the BoE. Equity markets… | ||||||||||||||||||||
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