Dollar Recovers From Lows, But For How Long?





G10 Advancers and Decliners vs USD
GBP -0.34
EUR -0.36
CHF -0.42
JPY -0.86
Yesterday the USD suffered another devastating rout after the two major risk events (BoE and ECB rate meetings) passed without surprises and offered little or no encouragement to curtail buying risky assets. The BoE left rates (at 0.5%) and the size of their Asset Purchase Target (175bn) unchanged, deferring the major decision of whether to expand stimulus measures until the November meeting – by…

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  1. [...] News Sources wrote an interesting post today onHere’s a quick excerptG10 Advancers and Decliners vs USD GBP -0.34 EUR -0.36 CHF -0.42 JPY -0.86 Yesterday the USD suffered another devastating rout after the two major risk events (BoE and ECB rate meetings) passed without… [...]

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