USD Moves Lower on Economic Optimism
Written November 22, 2009 at 7:33 PM EST by Alex Chernomordin
On a Japanese holiday, and after initially moving higher to start the trading week, the USD and JPY have both moved lower across the board amid some global economic optimism. Against the Euro we see the pair jumped toward the 1.49 handle but came up just short. Lacking any further developments and/or headlines, the pair could range into the European open, as no significant economic releases are expected.
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