-Weak U.S. consumer confidence sends dollar down vs yen – Reuters
For details see [ID:nLDE61M225] “I’m not surprised to see the markets reacting by shifting positions into safer assets,” said Matthew Strauss, senior currency of the risk appetite consideration,” said Alan Ruskin, chief international
Market Update – Pros
In his testimony before Congress, Fed chief Bernanke stuck to the “low rates for an extended period” theme and preserved the relatively dovish rhetoric that has been emanating from Fed speakers since the discount rate hike last week. In the
: EUR/USD plunges to 1.3450 on risk aversion – FXStreet.com
: GBP/USD drops to 1.5320, fresh 9-month low : EUR/USD plunges to 1.3450 on risk aversion : Dollar and Yen soar as risk aversion returns FXstreet.com (Barcelona) – The Euro has been severely hit on Asian session in Euro Zone’s fiscal
-Dollar falls on Bernanke’s comments, housing data – Pros
NEW YORK, Feb 24 (Reuters) – The dollar fell versus the euro on Wednesday as comments by U.S. Federal Reserve chairman Ben Bernanke dampened speculation that a tightening of monetary policy might be nearing. An unexpected plunge in new U.S. home
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The 4 hour trend is long. The Usd has been bought in the move into the safety of Usd based Treasuries and out of the risk of equities and commodities in reaction to further rating downgrades on Euro-zone . Look to near-term long-Usd plays