The dollar strengthened against the Euro and the Japanese Yen ahead of tomorrow's Interest Rate decision, albeit it has fallen back in early trade. Relief that the Dubai and Greek debt situations have been clarified has in part added to confidence levels.
- The Dubai loan has tempered fears over further sovereign debt defaults
- Commenting on sovereign debt, Moody's stated this morning that they feel that AAA rated countries should look to reduce debt as opposed to waiting for the economies to improve
Fitch commented this morning that China avoided recession, but risks remain in place
Major Economic News
Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.