Forex Daily Outlook January 25, 2010

By IBTimes Staff Reporter | January 24 2010 11:43 PM

The dollar was mostly mixed across the board on Friday as traders looked for consolidation and profit taking after a long week that resembled a bullish breakout in favor of the buck. Most expect the dollar to continue gaining ground on risk aversion, perhaps not as quickly now, but we project 1.3800/Euro by the end of January. There is a lot of economic data to be digested and this will surely play an important role in the market. Most likely, the data will support the dollar rally and well see further strength.

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