Forex | Forex | European Session: Euro Weakens Despite Strong German Ifo Survey Results (26/08/2009 13:54:43)

European Session: Euro Weakens Despite Strong German Ifo Survey Results

Market Brief The dollar strengthened across the majors with the largest gains posted against the sterling and the aussie. The EurUsd fell 15pips breaching 1.43 as a level of support, the UsdJpy is mostly unchanged at 94.17. Equity markets are trading lower in Europe, while futures point to a slightly lower open in the US. Commodities are mixed an interesting phenomenon in this asset class has been the inverse relationship between oil and gold, the price of WTI is slightly lower at $71bbl


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