A Rock And A Hard Place For The Dollar

The News Review:

- A Rock And A Hard Place For The Dollar
- Forex and Financial Market Update 23 June 2009
- Daily Forex Analysis – June 24
- Rupee up 16 paise against dollar

A Rock And A Hard Place For The Dollar
Forexrazor
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Related from Lactose-quervo: Caught between alt rock & hard place

Forex and Financial Market Update 23 June 2009
Forexrazor
Andwouldn’t you know as fate would have it just a few short hours laterthe ECB went on an extremely well coordinated and choreographedcampaign to talk the euro up against the dollar. Today’supdate is going to be short and sweet because I only want to cover whatthe ECB did to surge the euro against the dollar and then to talk abouttomorrow’s monumental fundamental event that will get the marketsmoving once again.

Daily Forex Analysis – June 24
Forexrazor
After breaking below0. 7827 support AUDUSD rebounded from 0. The pair might beforming a short term cycle bottom on 4-hour chart. Key resistance islocate at 0. 8118 a break above this level will indicate that themedium term uptrend from 0.
finance

Rupee up 16 paise against dollar
Times of India
At the Interbank Foreign Exchange (forex)market the domestic currency gained 16 paise to quote at 48. Forex dealers said major Asiancurrencies gaining strength against the dollar buoyed the rupeesentiment. The BSE benchmark Sensex on Tuesday closed steady at14324.

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