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Monday, November 23rd, 2009

US Session: BoE Minutes Boost The Dollar Temporarily; Equities Rebound On Investor Optimism

August 19th, 2009 • Related • Filed Under

G10 Advancers and Decliners vs USD
	SEK	0.87
	NOK	0.76
	NZD	-0.03
	GBP	-0.18

Worrisome notes from the BoE’s August 6th meeting and negative stock futures sent investors scrambling into the dollar before the bell, but investor optimism returned as equities retraced losses. The EurUsd rose 116pips, finding support at 1.42, while the UsdJpy fell 81pips to the upper-range of 93. The GbpUsd depreciated 6pips, bringing the cable to the mid-range of 1.65. Equity markets rose in…

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