US Session: Equities Sink for Second Straight Session, Sterling Slides

G10 Advancers and Decliners vs USD

NZD
0.29

JPY
-0.56

The dollar rallied in today’s trading session, as the risk aversion overtook the marketplace. The EurUsd fell 35 pips to the mid 1.24 range, while the UsdJpy dropped 200 pips to the high 93 price area. The GbpUsd declined 225 pips to the low 1.47 level, as Traders selloff high yielding assets. Equity markets tanked in the US with the Dow down an additional 5.5% or 444pts to 7552. European stock…

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Original post by Peter Rosenstreich

This entry was posted on Thursday, November 20th, 2008 at 5:27 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.