Currency trading

[ron]

January 28, 2008

The dollar is currently down 0.7% against the euro and 0.56% against a basket of leading world currencies.

[lamborghini]

The euro failed at 1.5620 against the greenback and is now propped by bids near 1.5570. A break below should see help at 1.5550 and 1.55 as the bias looks to be shifting over to the euro on diminished Fed action.

[lamborghini]

Greenback experienced some sharp quick moves upside/donwside following the Fed release, but is pushing lower against the euro as the FOMC statement gets dissected.