9 Dec 2014
USD appears to have entered into some consolidation – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team notes that USD appears to have entered into some consolidation after weeks of solid gains.
Key Quotes
“Profit-taking and some risk aversion flows were attributed to the price action today. Asian stock markets were lower across the board which was preceded by losses in Europe and the US on Monday (yesterday).”
“The USD/JPY retreated from 8-year highs near 122 reached on Monday to test below 120 in the today's session.”
“The EUR/USD trading at 1.2350 just ahead of the NY morning.”
“Dealers looking ahead to Thursday SNB rate decision believe that eventually the central bank would have to use negative interest rates to prevent the 1.2000 franc cap in EUR/CHF from being breached.”
Key Quotes
“Profit-taking and some risk aversion flows were attributed to the price action today. Asian stock markets were lower across the board which was preceded by losses in Europe and the US on Monday (yesterday).”
“The USD/JPY retreated from 8-year highs near 122 reached on Monday to test below 120 in the today's session.”
“The EUR/USD trading at 1.2350 just ahead of the NY morning.”
“Dealers looking ahead to Thursday SNB rate decision believe that eventually the central bank would have to use negative interest rates to prevent the 1.2000 franc cap in EUR/CHF from being breached.”