Daily Forex Commentary for August 12, 2009

August 11th, 2009 • Related • Filed Under




August 12, 2009

Forex Markets Show Mixed Results as Traders Await FOMC Announcement

Forex markets offered little clues as to what to expect from the FOMC tomorrow as trading was relatively light. The British Pound and Euro seemed to shut down as traders took time out ahead of tomorrow’s FOMC announcement. The Japanese Yen and Canadian Dollar traders decided to focus on the action in the U.S. equity markets.

Japanese Yen traders shrugged off discouraging news by the Bank of Japan and instead focused on the U.S. equity markets for direction. …
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