Dollar tries to keep rally alive in a short market

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The U.S. dollar was trying to keep a rare rally together on Monday as its longest losing streak in a decade left much of the market structurally short of the currency and vulnerable to a squeeze on any upbeat news.

FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo/File Photo

“Our positions have been concentrated in the EUR-bloc, reflecting also the structural improvement in the European policy framework following the agreement over the recovery fund.”on Monday, having hit a two-year high of $1.1915 last week, which now acts as major resistance. Support comes in around $1.1755 and $1.1694.

Against a basket of currencies, the dollar was a fraction firmer at 93.434=USD and just above a two-year trough., well above the recent low of 104.17 but facing stiff resistance at 106.46.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Oh

The apparent progress toward an economic recovery, thanks to better-than-expected JOBS data in the United States;Gold's safe-haven appeal has also been somewhat curbed by the strength of the DOLLAR

'Electric shock gives rotting corpse signs of life'

Annuit coeptis.

Dollars life is short lived

Spoiler: it won’t

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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