Why both oil and dollar went down today?

Discussion in 'Forex Trading' started by Hayek, Jul 7, 2008.

  1. Hayek

    Hayek

    while euro was still strong in spite of Trichet's "no bias" comment about ECB's next move?

    Any ideas please?
     
  2. it's a profit taking rally. I expect another leg down on both GBP/USD and EUR/USD. If we don't see one from here (1.9800) I will be just as clueless as you.