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US Data Smashes Forecasts To Send The Dollar Higher

Discussion in 'Fundamental Analysis' started by ActionForex.com, Dec 12, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    After a slow morning of very static markets, this afternoon has seen a drastic shake down of USD short positions prompted by much better than expected US data. EURUSD collapsed from 1.4765 levels down through all major supports to 1.4586 lows, and gold from $1141 to $1009.57 after the November...

    complete article here...

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