Daily Video Recap (11/17/09): Greenback Gains, US Data Points to Low Inflation, Slow Recovery

Greenback Gains Overnight, US Data Points to Low Inflation, Slow Recovery Tuesday, November 17th, 2009 Recap: The greenback held its overnight gains against its major rivals in today NY trading. The EUR/USD tested its support around 1.48, while the Pound gave back about 50% of its gains from yesterday. US data showed industrial production take a pause in October, growing only 0.1%, while producer inflation remained tame on weak core figures. Foreign flows to the US however were strong in ...
Author: cmsfx; Tags: forex trading finance currencies news economy fx foreign exchange dollar euro yen pound


















