Dollar and risk-related currency pairs are left immobilized as market participants wait for an agreement to be reached on the US's bailout plan for the global financial crisis.
· Majors left without direction into the weekend as traders weigh rate forecasts and the growth outlook after the financial markets are stabalized.
· Final reading of 2Q US GDP unexpected cools - a first step towards growing speculation of a recession.
Stories to watch on DailyFX
· Risk appetite is frozen by bailout impasse, but can the carry trade rebound even if the financial markets settle?
· See what trade setups are topping the DailyFX Analysts' lists in the DailyFX Analysts Picks section.
Send any comments or questions to jkicklighter@dailyfx.com.
