Thursday, June 23, 2011

EUR/USD 1,4159

The Dollar bounced up strongly yesterday against its main rivals, and rallied sharply over the last session favoured by the Federal Reserve, which showed a downbeat economic outlook for the US, trimming GDP growth expectations for 2011 to 2.7/2.9% from previous 3.1/3.3% and hammering market sentiment.

The Greenback has surged across the board over the latest sessions, especially against the GBP, which was capped at 1.6265 high on Wednesday's London session, and dropped all the way to fresh 12-week lows at 1.5980 so far today.

EUR/USD recovery from last week lows at 1.4070 was peaked yesterday yesterday at 1.4440, right ahead of Fed's statement, and the pair has remained depreciating since, reaching 1.4215 low so far.

USD/JPY Bounced up at 80.00 low yesterday and strengthened after Fed's statement, to breach 80.35 resistance area and hit week highs at 80.65 level, which is being eroded at the moment.

source: fxstreet.com


Posted by at

5 comments:

  1. JackJune 23, 2011 at 7:22 AM

    I hope the dollar can continue to rise, thanks for the heads up.

    ReplyDelete
  2. ShahanJune 23, 2011 at 8:11 AM

    Seems like the GBP might turn euro sooner afterall

    ReplyDelete
  3. Aaron M. GipsonJune 23, 2011 at 8:09 PM

    well maybe there is some hope that my currency won't go completely flat anytime soon. It's still sad to watch though...

    ReplyDelete
  4. EdJune 23, 2011 at 8:24 PM

    Bitcoin should be an interesting crater in a few days.

    ReplyDelete
  5. freddieblue1June 24, 2011 at 12:24 PM

    thanks for heads up on the rise

    ReplyDelete

Subscribe to: Post Comments (Atom)