21 August 2001, 10:33 No Dollar Rebound
Pervasive negativity about the U.S. economic
recovery kept a grasp on FX market sentiment and stopped the dollar
from rebounding significantly ahead of the Federal Reserve's policy
meeting Tuesday. The euro-dollar ended the day at $0.9138, with one
trader noting that a close above the $0.9140 level might lead to
another "test of the $0.9200 highs." Dollar-yen was little changed from
midday levels and ended the day at Y120.75.
© 1999-2024 Forex EuroClub
All rights reserved