Thursday, October 22, 2015

Greenback bouncing back across board - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Majors were trading in their weekly dull ranges at the beginning of this Wednesday, but a sudden decline in gold prices following Wall Street's opening, was the kickoff signal for the greenback to rally.

Key Quotes:

"Ending the day with uneven gains, the American currency is higher against all of its majors rivals, with the EUR/USD pair being the most reluctant to move far away, as investors are waiting for the ECB policy meeting outcome this Thursday.

The European Central Bank is largely expect to maintain its ongoing stimulus unchanged, with Draghi offering a dovish tone, and aiming to down talk the EUR, as the currency has returned to the levels it was in January, when the ECB launched its QE program."

What is QE anyway?
For more information, read our latest forex news.

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