View full page at forexfactory.com

 

It’s no surprise: U.S. dollar bounces on “Plan B” rejection

From dailyforextradingedge.com

The saga continues as we see the fiscal cliff “winners” and “losers” played out from sound bite to press conference to progress to letdown. Thursday night was the latter and the letdown of the rejection of so-called “Plan B” by House Republican leaders caused the market to re-think just how much optimism that had already been baked into the cake. Unwinding the “optimism position” was swift Thursday evening but it seems that as traders re-evaluate the situation on Friday - going into the weekend – optimism that the cliff will be averted is returning as equities pare their gains. Technically the daily U.S. Dollar Index ... (full story)

Story Stats