Dollar Tumbles After Big Day on Wall Street

24 November 2009 @ 04:49 am EDT

The Dollar decreased dramatically on Monday after a big day on Wall Street led to increased risk taking behavior among investors. An increase in equity and the price of commodities, as well as positive news on existing U.S. home sales had a dramatic effect on trading. Investors dumped their dollars in favor of high yielding currencies such as the EUR, which made impressive gains.

  • Forex Market Trends

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

Weekly Trend

Resistance 1.5015 1.6640 89.60 1.0195 0.9275 0.9100
1.4995 1.6620 89.40 1.0175 0.9255 0.9080
1.4965 1.6590 89.10 1.0145 0.9225 0.9050
Support 1.4905 1.6530 88.50 1.0085 0.9165 0.8990
1.4875 1.6500 88.20 1.0055 0.9135 0.8960
1.4855 1.6480 88.00 1.0035 0.9115 0.8940

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

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