Monday, July 18, 2011

Forex Updates: Pressure on Risky Assets Likely to Continue ....

Forex Updates



FXstreet.com (Barcelona) - According to Christopher Vecchio, Currency Analyst at DailyFX, risky assets are likely to remain under pressure on fears that spreading contagion could lead to a massive short squeeze across various asset classes over the coming weeks.



The U.S. Dollar found strength against major rivals during the Asian trade, while American and European traders managed to set a base and reverse the upward tendencies in the buck.


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