SubscribeUS Session: Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
May 29th, 2009 • Related • Filed Under
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The dollar sold off against the G10 early in the session, with the commodity currencies leading the rally. The EurUsd surged over 200pips trading at the mid 1.41 level, while the UsdJpy gave up most of the prior session’s gains sinking 137pips to 95.50. The GbpUsd broke the 1.6050 resistance point, in pursuit of a new target of 1.62 as higher risk appetite and better than expected economic data… | ||||
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