As mentioned yesterday, there’s no cheer for the US dollar. Traders are taking the opportunity to short the USD for the medium term. More and more are hopping on, speculating the downfall of the US dollar. Today, EUR/USD makes another record
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The Pound sank against the USD and JPY from yesterday’s highs on report from the Independent newspaper that UK’s deposit protection scheme may need to draw on cash to protect funds placed with the nation’s banks. The Financial Services Compensation Scheme has only 4.4 million pounds to protect funds. In [...]
EUR/USD rose to another record high as market players speculate data today will show a drop in US durable goods orders, adding to evidence the economy is slowing. Traders are increasing bets the Fed will slash interest rates for a second time next month.
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