Posts Tagged ‘EUR’
Currency Articles - October 19, 2010 18:52
FX Market Update 19th October 2010
Today we have seen some respite for the USD. The Dollar has made gains against most currencies today as US Treasury Secretary, Timothy Geithner has said that the US will work to preserve confidence in a strong currency and will not work to devalue their currency.
FX Market Update 16th October
Sterling has suffered today, the austerity measures set to be announced on Wednesday were always going to see selling pressure on the pound return to the markets. There is a saying in the markets that goes ‘sell fear’ and ‘buy fact’. This is not of course always the case.
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