US Session: Stocks Close Out Week Strong, Dollar Rallies Against the Majors

G10 Advancers and Decliners vs USD

SEK
2.18

JPY
-0.11

EUR
-1.46

GBP
-2.28

The dollar resurged in intraday trading posting strong gains against the majors as the risk aversion trend continues influence market movements. The EurUsd sunk 200 pips to the low range of 1.27, while the UsdJpy declined roughly 60 pips finding support at 98. The GbpUsd collapsed 360 pips to the high 1.60 price area on higher volatility. The equity markets rallied in the US and Europe with the…

Original post by Peter Rosenstreich

This entry was posted on Friday, October 31st, 2008 at 4:17 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.