Late US Session-Usd Recovers on Talks Lehman will be Purchased, Oil Drops.

G10 Advancers and Decliners vs USD

The Usd regained momentum in today’s trading session, based on weak economic data out of Europe as well as major news in the financial sector. The EurUsd fell over 120 pips to the high 1.47 level, while the UsdJpy rose sharply the low 110 price. The GbpUsd declined substantially trading with a 1.85 handle, mostly due to the GDP figure which was released today. Equity markets rallied strong in…

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Original post by Peter Rosenstreich

This entry was posted on Friday, August 22nd, 2008 at 5:36 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.