Euro and Pound Fight Back Against the Buck!

June 9, 2009 by  
Filed under News

The dollar started to show signs of fatigue on its upside move that we witnessed recently and EUR/USD together with GBP/USD held the levels we mentioned yesterday and therefore both pairs continued higher above 1.39 and 1.60 respectively. The reason so far seems to be the fact that traders are losing their confidence that FED will hike its interest rates soon, after recent comments from members of the bank said that rates are appropriate for now. The inflationary dangers are real for the


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