Forex | Forex | Consolidation Continues as Financial Jitters Remain; Late Rally in Higher-Yielders as US Housing Starts Surprise (19/07/2009 22:03:28)

Consolidation Continues as Financial Jitters Remain; Late Rally in Higher-Yielders as US Housing Starts Surprise

   EUR/USD - Greenback Gains Overnight on Financial Jitters, Jakarta Attack The Euro-Dollar pair fell in favor of the Dollar today as the jitters in financial markets around the possible bankruptcy of CIT group continued to temper risk appetite following a strong rally the first half of the week. Also, a terrorist attack in Indonesia increased the demand for the greenback as a safe haven overnight. The pair entered the session at around the 1.4150 level and fell to test 1.4060 around


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