SubscribeThe Dollar Rebounds On Fed Stimulus Reduction
September 25th, 2009 • Related • Filed Under
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The USD was back with a vengeance yesterday as the DXY rocketed to 77.05 from a low of 76.09; triggered by headlines that the Fed would be scaling back some of its emergency lending programs. Prior to the announcement the majors had been lacking much direction, but by the end of the European session equities were lower across the board, EURUSD was testing support at 1.4680, and commodities in… | ||||||||||||||||||||
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