Intraday Market Thoughts

Archived IMT (2009.03.18)

by Ashraf Laidi
Mar 18, 2009 10:45

EURUSD BREAKS above $1.3055, setting up the path for $1.33 as early as next week. Dollar sell-off extends on NEWSWIRE REPORTS that the UN will study proposals of moving away from a uni-polar reserve currency system dominated by the US dollar and into a basket of group of currencies. Speculation that major central banks would begin rebalancing their FX reserves has risen since the intensification of the dollars slide between 2002 and mid 2008.


Latest IMTs