Back
10 Dec 2014
USD take a dive again - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the dollar took another dive on Wednesday, extending its drop ahead of the year-end, as the American’s currency rally has largely extended in the second half of this 2014.
Key Quotes:
“There was little fundamental data behind market movements, but was another day of dropping stocks what sent the USD down, as arising political turmoil in Greece spurred demand for safety, favoring the Japanese yen the most”.
“Greece's stock market crashed and bond yields soared after the country's government announced surprised presidential vote”.
“The EUR/USD pair trades at its highest of the day above the 1.2400 level, accelerating higher by the US close”.
The 1 hour chart shows price hovering around post-ECB high, whist indicators aim slightly higher above their midlines, and price advances above moving averages, supporting further advances”.
Key Quotes:
“There was little fundamental data behind market movements, but was another day of dropping stocks what sent the USD down, as arising political turmoil in Greece spurred demand for safety, favoring the Japanese yen the most”.
“Greece's stock market crashed and bond yields soared after the country's government announced surprised presidential vote”.
“The EUR/USD pair trades at its highest of the day above the 1.2400 level, accelerating higher by the US close”.
The 1 hour chart shows price hovering around post-ECB high, whist indicators aim slightly higher above their midlines, and price advances above moving averages, supporting further advances”.