Review of the trading for September 22

Discussion in 'Forex Trading' started by Broco, Sep 23, 2008.

  1. Broco

    Broco

    In the beginning of the week dollar sustained shattering losses against the most part of currencies. Apart from technical factors, announcement of the USA Treasury about issuing its obligations also conduced to the dollar dump. Funds injection to the USA economy turned round as new tremendous borrowings.
    Volatility of currency rates still to be extremely high. For instance, EUR grew up for 2% against USD, USD/ CHF rate also fell.
    Announced plan of the USA government requires $800 bill. In the meantime this initiative was not supported by G7 countries.


    Broco