(11/16) DailyFX - U.S. Open - DailyFX Forex Forum

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(11/16) DailyFX - U.S. Open

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11-16-2009, 07:55 AM

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(11/16) DailyFX - U.S. Open

Talking Points
• Japanese Yen: Consolidates Across the Board
• Pound: Continues to Swing Sideways
• Euro: Price Pressures Weaken for Fifth Month in October
• US Dollar: Retail Sales, Chairman Bernanke on Tap

The euro rallied against the greenback for the second day, with the exchange rate rising to a high of 1.4996 during the overnight trading session, and the single-currency looks poised to test the yearly high at 1.5064 this week as market participants ramp up expectations for higher borrowing costs in the region.

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DailyFX Research Team
research@dailyfx.com

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