EUR/USD Pulls Back with U.S. Equities
November 20, 2009 - 2:45 pm by Primefx · Leave a Comment
The EUR/USD briefly traded beneath 11/17 lows before stabilizing as we witness a broad based strengthening of the Dollar in reaction to a dip in the S&P futures below their psychological 1100 level. The wave of disconcerting data points from the past couple weeks appears to finally be taking its toll on investor confidence. U.S. and British housing and consumption data has been disappointing lately, indicating a slowdown in the pace of their respective economic recoveries.
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