Dollar, Yen up Ahead of the G20 Meeting

25 September 2009 @ 08:56 am EDT

Dollar, Yen up Ahead of the G20 Meeting

The Dollar snaps a two week decline versus the EUR after disappointing U.S Home Sales data and ahead of the G20 meeting. The USD and JPY are benefiting from the recent surge in risk aversion ahead of the G20 meeting and a concern that the group's leaders will pose stricter regulations on financial markets. The drop in Oil prices, which began Wednesday, only exacerbated yesterday as equity markets tumbled and the Dollar strengthened, putting pressure on the commodities market.

  • Forex Market Trends

  EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP
Daily Trend

Weekly Trend

Resistance 1.4760 1.6070 91.75 1.0390 0.5765 0.9270
1.4731 1.6040 91.42 1.0358 0.8730 0.9235
1.4700 1.6005 91.10 1.0325 0.8700 0.9205
Support 1.4635 1.5937 90.35 1.0261 0.8637 0.9151
1.4604 1.5905 90.00 1.0230 0.8605 0.9120
1.4575 1.5875 89.70 1.0200 0.8575 0.9090

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