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USD, Dollar Gains Reprieve
By Benny Nardino | April 1, 2008
USD, dollar gained a stay of execution today amid recent challenges. 
It fared very well against other currencies especially the yen, JPY.
At some point today it was +241 pips up. An experience that has not been for a while. It also held grounds against the EUR while the pounds, GBP vaccillated within +100 pips range.
These moves were severely orchestrated by the ISM numbers which came up trumps today.
Will this be the trend that creates the damping factor on the recession? The end shall tell.
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Sphere: Related ContentTags: currencies, dollar, jpy, pips, recession, Reprieve, trend, USD, yen
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April 1st, 2008 at 19:29
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April 1st, 2008 at 19:38
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April 1st, 2008 at 23:20
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