Home

Forex strategies: Dollar weakens against counterparts

March 17, 2009 - 3:21am | Markets | News |
| More
  
Forex strategies: Dollar weakens against counterparts

During the Asian session on Tuesday the US currency revealed to be weak against euro, Sterling, and Frank. Against  Yen  dollar, gaining in early deals, went down after around 8:50 pm ET.   

USD/CHF rally, that closed Monday at 1.1849, slipped to 1.1824 during early Asian deals on Tuesday. The next target, in case it continues to go down, is seen at 1.1808 level.  

In early Asian trading on Tuesday, the USD dropped to 1.3013 against the EUR, compared with Monday’s close 1.2972 rate; it may likely target 1.307, dropping further.  

USD/GBP pair touched 1.4130 against yesterday close at 1.4064 level; the next downside target level for this pair is seen at 1.423.

 

 

USD strengthened against JPY and reached 98.52 digit on Monday 8:50 pm ET. But after that Dollar slipped to 98.30 against 98.17 during late New York deals yesterday. The next target level for USD/JPY is seen at 97.8. 

 





RSS feed Subscribe to Ecommerce Journal RSS feed

Tags keywords: Asian session | CHF | EUR | forex | GBP | JPY | New York deals | USD
Login or register to post comments | 0 points

   Tell us what topics you want to be covered in the Ecommerce Journal?  
Image CAPTCHA
  


Comments on Forex strategies: Dollar weakens against counterparts




Similar Articles on Ecommerce Journal by sections

FIGURES
PAYMENT SYSTEMS
BANKS
PLASTIC CARDS
ECOMMERCE-CHECKED
INVESTMENT INDUSTRY
FRAUD
ANALYTICS
OTHER THEMES
INTERVIEWS
LAW ASPECTS