(10/23) DailyFX - U.S. Open - DailyFX Forex Forum

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(10/23) DailyFX - U.S. Open

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10-23-2009, 08:33 AM

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(10/23) DailyFX - U.S. Open

Talking Points

• Japanese Yen: Continues to Lose Ground
• Pound: U.K. Fails to Emerge From Recession
• Euro: Hits Fresh Yearly High of 1.5063
• US Dollar: Fed Chairman Bernanke, Existing Home Sales on Tap

The British pound fell back from the intraday high (1.6695) and tumbled to a low of 1.6412 as the economy failed to emerge from the recession in the third quarter, and the currency may face increased selling pressures going into the North American trading session as investors scale back long-term expectations for higher interest rates in the U.K.

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DailyFX Research Team
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