Forex | Forex | European Session: FX Markets Directionless (19/08/2009 09:56:26)

European Session: FX Markets Directionless

Market Brief Dollar weakened as risk appetite made its return to the markets after positive data from the UK and the European Union boosted the majors against the US Dollar. UK released its inflation report which showed that it remained flat for the month of July whereas a negative CPI data was expected while the yearly CPI data showed a reading of 1.8% but still below the Bank of England’s inflation target of 2%. The Retail Price Index too showed a better than expected figures which shows


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