Wednesday, March 30, 2011

The US dollar continued to appreciate at the beginning of Monday’s trading session, bolstered by neg

Forex4you Fundamental Analysis

The US dollar continued to appreciate at the beginning of Monday’s trading session, bolstered by negative messages from Europe, where German Chancellor Angela Merkel's conservative party lost a state election on the one hand, and Portuguese bond yields for 10 year notes jumped to their record high after S&P ratings agency downgraded several Portugal’s banks on the other. The greenback was also supported by St. Louis Federal Reserve Bank president Bullard, who said the Fed should review its program of quantitative easing in light of recent positive economic data, coming from the US economy.

Posted by namrata @ 07:16 AM (1298 views)
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