Forex: Dollar makes back early losses towards close

By IBTimes Staff Reporter | December 28 2009 12:04 AM

FXstreet.com (London) - In a session which mimicked closely the behaviour of the previous Asian session, Dollar traded flattish to slightly up. Buoyant stock markets may tempt investors to taking more risk and moving away from the safe haven currency.

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Again, similarly to the previous session the main story was the Pacifics, despite local markets being closed. The slow trade and up trending gold both helped the Aussie and Kiwi rise.

The summary picture of the major Dollar pairs as we approach the close look like this: EUR/USD 1.4374/78 (-0.09%), Swissy 1.0368/71 (+0.21%), Cable 1.5958/64 (-0.16%), USD/JPY 91.56/60 (+0.15%).

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