Dollar, Yen Gain on Bleaker Economic Recovery Outlook

20 November 2009 @ 04:57 am EDT

The Dollar and Yen gained against the EUR and other higher yielding currencies Thursday on concerns about the sluggish pace of the world economic recovery. A Decline in equity and commodity prices pushed investors back into the USD and JPY as safe haven currencies.

Forex Market Trends

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

Weekly Trend

Resistance 1.5000 1.6745 89.70 1.0215 0.9275 0.9030
1.4980 1.6725 89.50 1.0195 0.9255 0.9010
1.4950 1.6695 89.20 1.0165 0.9225 0.8980
Support 1.4890 1.6635 88.60 1.0105 0.9165 0.8920
1.4860 1.6605 88.30 1.0075 0.9135 0.8890
1.4840 1.6585 88.10 1.0055 0.9115 0.8870

For more forex information, go to www.forexyard.com

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