Daily Forex Summary on US Dollar, Euro, Sterling, Japanese Yen, Canadian Dollar and Aussie Dollar

The US dollar retreated from recent gains against a basket of currencies after yesterday’s shocking interest rate hike from China. Investors restored their appetite for higher-yielding assets and returned to selling the dollar against most currencies. Any rebound in the … Continue reading →

22. October 2010 by admin
Categories: Daily Forex Summary | Tags: Dow Jones Industrial Average, Indications of Overnight rates, The Australian and New Zealand dollars rose sharply against the US dollar, The British pound stripped gains against the dollar, The Canadian dollar climbed against the US dollar, The euro continued to gain against the US dollar, The Japanese yen rose against the dollar as selling of the greenback persists across the board, The US dollar retreated from recent gains against a basket of currencies | Leave a comment