Forex | Forex | EUR-USD hardly affected by equity rally (03/08/2009 05:58:59)

EUR-USD hardly affected by equity rally

Highlights ECB set to confirm its monetary policy stance Bank of England should continue to purchase gilts EUR-USD treading water Whereas the upbeat quarterly figures are sparking fresh waves of speculation on US stock markets in particular, they have had little impact on the forex markets so far. Although favourable equity markets usually tend to boost EUR-USD, the forex market has just been treading water: EURUSD started the week at 1.42, and briefly touched 1.43, only to come under pressure


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