Dollar extends drop, still vulnerable after Fed ...Middle East

News by : (forex live) -
The U.S. dollar extended its decline on Monday, having fallen last week by the most since July after the Federal Reserve dialled down its hawkish rhetoric and U.S. data showed signs of moderation.FULL STORYDane Cekov, senior FX strategist at Nordea, called last week's moves an "over-reaction", saying the jobs data was a "mixed bag". "You could still see a somewhat weaker dollar in the short-term, but if the (euro-dollar) rally continues it needs to get some fuel from somewhere." JPMorgan analysts say a sustained dollar sell-off would need signs of improvement in the euro zone, China and other regions, which it says are "still tenuous".Futures markets imply around an 80% probability the Europ

Read More Details
Finally We wish PressBee provided you with enough information of ( Dollar extends drop, still vulnerable after Fed )

Also on site :

Most Viewed News
جديد الاخبار