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The predominant theme of 2009 was of US dollar weakness, and this re-asserted itself overnight, after continued positive economic data re-established demand for riskier assets, and after Fed official Duke, reiterated that interest rates are expected to remain ultra low for some time to come.
The decline was most marked against the yen after exporter buying of yen and profit-taking on the recent dollar gains, saw the currency slip back from its highs.
EURUSD -the Euro’s recent bounce from its lows at 1.4215 last month, has seen the currency struggle just below …

written by Trading Teacher