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U.S. Dollar Rally Losing Steam, EUR/GBP To Maintain Current Range
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U.S. Dollar Rally Losing Steam, EUR/GBP To Maintain Current Range
The U.S. dollar regained its footing on Thursday following the shift away from risk-taking behavior, but we may see market sentiment turn higher as European policy makers step up their efforts to address the sovereign debt crisis. However, the fundamental outlook for the euro-area remains bleak as the European Central Bank casts a weakened outlook for the region, and I?m still looking to play the range-bound price action in the EUR/GBP as it looks poised to trend sideways over the near-term.
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Category
News and Politics -
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Release Date
Oct 13, 2011
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Runtime
11:29