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The USD continued to rise fresh 2 months high against the EUR currency and all major currencies such as GBP, Yen and CHF, basically all traders were showing small amount of willingness to keep into USD shorts ahead of end 2007. celebrations. The rise began as a sell-off in major Asian forex markets, with Hong Kong’s index losing a sizable 3.5% and force similar carry trade. the stock market continued to sell-off as the later London trading allowed for another USD advantage and rising, but greenback momentum finally slowed as North American traders held their seats for the New York open, the news are that currently for the USD, it's going to be stronger, but a tepid reaction the release highlights forex traders’ indifference to October TIC’s results.
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Posted on Dec-18-2007
