Forex Trading: Dollar influenced by stocks today
Posted by Greg Michalowski on Fri, 07/18/2008 - 9:27am in
The Dow is negative and it is having an effect on the dollar today. Oil is up $1.40 or so. Overall, the market is fairly quiet.
The EURUSD has been supported at the 1.5822 level post the ECB hawkish comments. The Europe and London closes are next on the agenda. The anxiety of the weekend is less this week so the volatility should be limited.
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