Wednesday, October 7, 2009

Euro / dollar under pressure

Dealers noted that the aggressive buying dollar / yen supported the U.S. currency in the pair with the euro, which again were tested bids around $ 1.4685/80. Pressure on the euro / dollar so far have eased, but the foot placed below $ 1.4680, still under the gun bears, and some dealers recommend to draw attention to an article in the Wall Street Journal (it says that the Fed is concerned that banks have sufficient fully understand the extent of threatening to them in terms of debt write-offs related to the sector of commercial real estate, and conversations on this subject), noting that its publication today helped to maintain interest in the dollar.

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