DailyFX
10-19-2009, 08:30 AM
The USD continued to find offers in the European session with the single currency dropping back towards its recent range lows against many of the major currencies. The New Zealand Dollar has been the strongest currency on the day thus far, with some better than expected overnight data, higher equity futures and favorable yield differentials all driving Kiwi higher. Meanwhile, Aussie has also been well bid on similar themes and hawkish comments from RBA Lowe.
complete story here... (http://www.dailyfx.com:80/opencms/forex/technical/article/morning_slices/2009-10-19-1212-USD_Back_Under_Pressure__Consolidates.html)
complete story here... (http://www.dailyfx.com:80/opencms/forex/technical/article/morning_slices/2009-10-19-1212-USD_Back_Under_Pressure__Consolidates.html)