Wednesday, October 6, 2010

Forex News Daily Recap: EUR, AUD, JPY Continue Their Rallies vs USD


The US Dollar kept up its weakness, on the back of expectations that the Fed will move to buy more asset purchases and is amping liquidity of Dollar, helping to lower the currency's value. The Euro, Australian Dollar and Japanese Yen took advantage. The Pound was pressured by some weak data and the Canadian Dollar also underperformed.

News Provided by CMS Forex
http://www.cmsforex.com
Forex Market Analyst: Nick Nasad

No comments:

Post a Comment