Foreign Exchange - Summary of yesterday:
The US Dollar exchange rate put on some significant gains yesterday and early today on hope that a US "bad bank" initiative is imminent, even though the Fed failed to give clear guidance on quantitative easing (buying Treasuries). Good news on potential US recovery lately has been a US dollar negative but not this time. Although the pounds to us dollar is seeing a corrective profit-taking hit as the US opens, we think the dollar exchange rate can continue to improve. It needs to surpass 1.3050 or so against the euro to feel confident about ongoing recovery.
Bye For Now
Barbara Rockefeller
Foreign Exchange Trading
Forex Trading Reports - Click for a free trial
Buying Euros? Buy Euros at the best euro Rates!
Buying Dollars? Buy US Dollars at the Best Dollar Rates!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates!
Contact IMS Foreign Exchange + 44 207 183 2790
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment