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Daily Forex Snapshot: 11-20-2009

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Forex - US Session: Sterling Suffers On Dollar Rebound

G10 Advancers and Decliners vs USD
JPY0.05
EUR-0.44
CHF-0.53
GBP-0.86
There have been very few newsworthy events in today’s session, and even the handful of scheduled speakers lined up had very little effect on FX markets. The only driver therefore has been the performance of global equity markets; and with both European and US indices in negative territory, the USD has been able to make gains across the board. The hardest hit has been GBP which has tumbled over...
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Daily Forex News & Commentary: 11-20-2009

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China Dismissive Of Their Role In Yuan Valuation

The consolidation of the USD and moderation in risk appetite continues today as a barren data schedule provides little impetus for a break out in major currency pair ranges. Today’s docket is solely occupied with policy maker speeches, but even yesterday’s offerings from Geithner, Fisher and Trichet were muted in impact on FX markets.   The most newsworthy element from...
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