European Session: USD Stabilizes





G10 Advancers and Decliners vs USD
GBP -0.25
EUR -0.30
JPY -0.41
CHF -0.61
USD has stablized after yesterday broad based collapse. The USD was the weakest of the major currencies as it fell to its lowest level against the Euro moving to 1.4530 while the Gold moved to a high of $1008/oz continuing from Friday’s rally. The surge in Gold prices led to rise in equity markets across the globe with the US equity markets rallying for the third day. Factors contributing to the…

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