USD Gains Erased Pre FOMC
June 23, 2009 by admin · Leave a Comment
The greenback sold off against all its major rivals Tuesday on a bounce back of oil prices and some adjusting positions ahead of the FOMC decision Wednesday. In addition, Euro zone and US data, including German confidence and the Richmond Fed manufacturing index, continue to be encouraging, triggering some risk appetite across the board. Probably one of the most important factors that helped send the Euro to the 1.4100 level was that ECB members indicated that their easing streak was over. Read more…
