Tuesday, September 21, 2010

The US dollar continues to feel the weight of overnight remarks from the Federal Reserve

FOREX: The US dollar continues to feel the weight of overnight remarks
from the Federal Reserve, and as improving risk appetite keeps yen
crosses higher and the Australian dollar and the euro propped up,
mid-morning in Singapore.

Holidays in many centers in Asia, including in
China, Taiwan and South Korea, are keeping flows at a minimum, dealers
say.

Dollar-yen is now at Y84.90, after a Y84.78 to Y85.19 range this
morning, euro-yen is at Y112.91, in a tight Y112.78 to Y112.94 range.
Euro-dollar is at $1.3299 now, at the top of a $1.3248 to $1.3312 range.
The dollar's DXY index is at 80.20, after a 80.12 to 80.31 range

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