US Session: The Dollar Trades Sideways Ahead of FOMC Minutes

November 24th, 2009 • Related • Filed Under • Print Print • A A A




G10 Advancers and Decliners vs USD
JPY 0.50
GBP -0.13
EUR -0.15
CHF -0.16
FX markets have traded sideways today; as the morning bout of risk aversion on the back of weaker Asian equities soon gave way to risk appetite when European equities began recouping opening losses.

We had a slew of data releases out of Europe in the morning, starting with Swiss Employment data that revealed a shock increase of 0.2% (annualized) in Q3, against forecasts for a -0.8% decline….

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