Dollar Surges Until Bailout Revisited And NFPs Hit

Published October 1st, 2008 - 01:39 GMT
Al Bawaba
Al Bawaba

EURUSD marks its largest, singe-day loss ever as dollar enjoys a relief rally and the euro market considers the threat of bank failures and a recession.



 

·          A pull back in risk aversion boosts the dollar, but the fundamentals for a financial crisis remain
·          A busy session for fundamentals boosts the dollar but weighs on the euro

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