U.S. Forex Market Commentary
EURO The euro appreciated sharply vis--vis the U.S. dollar today as the single currency tested offers around the US$ 1.6040 level and was supported around the $1.5880 level. Today?s intraday high represents a new lifetime high and the move higher was precipitated by growing concerns about the health of the U.S. banking sector. Traders are concerned that the failure of IndyMac Bank and bailouts of Fannie Mae and Freddie Mac represent the first financial institutions that are in...
7/15/2008 8:29:01 PM
FXstreet.com: Fundamental: Fundamental Market View
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