Most of the major currencies are fairing better than the US Dollar today. Yesterday’s run against the US Dollar, led to emerging currencies jumping on the rally wagon. European equity markets, which have rallied, may be a contributing factor for the move against the US Dollar, as well as better than expected UK GDP data. The Sterling and the Euro will most likely test resistance levels today.
World equity markets are stronger overall today. However, Asia was mixed, with the Hang Seng closing down, but the Nikkei closing up a bit.
FX Daily Squawk
Aug 28
Posted by John Taxiarchos
Most of the major currencies are fairing better than the US Dollar today. Yesterday’s run against the US Dollar, led to emerging currencies jumping on the rally wagon. European equity markets, which have rallied, may be a contributing factor for the move against the US Dollar, as well as better than expected UK GDP data. The Sterling and the Euro will most likely test resistance levels today.
World equity markets are stronger overall today. However, Asia was mixed, with the Hang Seng closing down, but the Nikkei closing up a bit.
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