Monday, September 16, 2013

CCY Analysis & Insight: DXY GBP AUD


The U.S. dollar equivalent to some of the majors have declined on the Asian Trading session. While at the same time Asian shares have been boosted on the start of the weel's trading. The most recent market news on Lawrence Summers running behind Janet Yellen from being the next head of the Federal Reserve have been the hightlight that prompted the USD decline.

And this is on top of the residing holdback by the US government in pursing a calculated strike on the stockpiles of chemical weapons by the Syrian government. These conditions have seemed to diminish investor's risk appetite on the USD resulting to its additional market sentiments in the safe-haven currency.

CCY Analysis & Insight: DXY GBP AUD

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