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Dollar Rallies But EURUSD Holds Support After ISM (Forex Video)
Tuesday, 02 September 2008 21:27:27 GMT
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The US dollar rallies to a 16-month high against the pound, but a 6-month high in EURUSD marks near-term resistance. Can it last?
· A surprise rate cut from the RBA sends AUDUSD below 0.85 and shakes confidence in the carry trade.
· A contraction in the manufacturing sector cools the dollar's rally and raises questions about Q3 GDP.
Stories to watch on DailyFX
· The RBA decision proved itself volatile event risk. What are the other potential market movers for this week?
· See what trade setups are topping the DailyFX Analysts' lists in the DailyFX Analysts Picks section.
Send any comments or questions to jkicklighter@dailyfx.com.
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