USD Rallies, Awaits ECB & BoE |
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8/6/2008 3:00 PM: EUR/$..1.5415 $/JPY..109.54 GBP/$..1.9473 $/CHF..1.0599 AUD/$..0.9100 $/CAD..1.0474 USD Rallies, Awaits ECB & BoE The dollar rallied sharply across the board on Wednesday, breaking another technical resistance level – past the 108.60-handle versus the yen to reach a new 7-month high to 109.62. Crude oil slumped to a fresh 3-month low at $117.29 per barrel while gold fell to a near 2-month low at $872.35. The shift in market sentiment to focus on deteriorating growth
Filed under: Fundamental
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