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Daily Forex Snapshot: 1-6-2009

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Forex - US Session: Obama Stimulus Plan Gaining Bipartisan Support Dollar Gains

G10 Advancers and Decliners vs USD
DKK0.03
NOK0.01
GBP-0.07
CHF-0.09
The dollar gained considerable strength in early trading and since began to stabilize against the majors. The EurUsd collapsed nearly 300pips to the low range of 1.36, while the UsdJpy jumped roughly 140pips to the low 93 price area. The GbpUsd built light momentum to the high 1.46 level, up 130 pips in today’s session. Equity markets closed higher in Europe, but experienced losses in the US. ...
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Forex Alerts - 1-6-2009 :

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Daily Forex News & Commentary: 1-5-2009

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Dollar rose broadly on Friday in thin trade

The Dollar was firmer on Friday as investors sold the Euro after data showed deepening recession in the euro zone. Demand for the single currency also fell as traders deemed the Euro's rapid advance versus the greenback last month was unsustainable. Thin trading volumes during the holidays may exacerbate currency moves, they added. Investors have recently shifted from Dollar into Euros as the US...
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