Forex | Forex | Currencies Rebound led by Pound (10/07/2009 01:21:55)

Currencies Rebound led by Pound

Currencies Rebound led by Pound  U.S. Dollar Trading (USD) was sold for most of the day as a profit taking on yesterday’s strength turned into a rally on most of the majors. USD/JPY held up well. Calls from China for an improved reserve currency system were joined by French President Sarkozy’s call for talks on FX in coming months for what he calls a ‘multi-monetary’ world. Such statement’s are widely seen as USD negative and although are still distant in implementation, they are


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