Equity Markets Tumble Despite Bernanke Hints of a Rate Cut

G10 Advancers and Decliners vs USD

SEK
1.24

NOK
0.89

CAD
-0.71

AUD
-2.13

The Usd returned some of yesterday’s gains after an active trading day across the G10. The EurUsd added 120 pips bringing the pair to the low range of 1.36, while the UsdJpy was mostly flat trading with a 101 handle. The GbpUsd rose a bit over 90 pips to the low range of 1.75, showing a step towards recovery following losses incurred in the previous trading session. Equity markets continue to…

Original post by Peter Rosenstreich

This entry was posted on Tuesday, October 7th, 2008 at 4:10 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.