USD To Consolidate Ahead Of FOMC, Yen Weakness To Be Short-Lived
The greenback rallied across the board on Monday and the reserve currency may continue to appreciate over the next 24-hours of trading as market sentiment falters.
Archive for October, 2011
Intervention Fuels Massive Yen Sell-Off, USD Mounts Counter-Offensive
The dollar is stronger across the board at the start of trade this week ahead of significant event risk and fueled by a massive currency intervention from the Japanese Finance Ministry. The sterling has held on rather well as the dollar stages it’s advance.
