The US dollar and Japanese yen continued to dominate on risk aversion as the EU rejected a plan to assist Eastern European banks and as AIG announced Q4 loss of $61.7 billion, prompting the US government to step up efforts to keep the "systemically important" company afloat. Australian dollar and Canadian dollar may face volatility as RBA, BOC announce rate decisions in next 24 hours...
Stories To Watch on DailyFX
- The Australian dollar could break below or bounce from key trendline support following the RBA's rate decision tonight.
- Find out what has been driving forex market price action and key technical levels to watch in the Daily Fundamentals
Questions? Comments? You can send them to Terri at tbelkas@dailyfx.com.
