» Forex - Dollar posted new record lows vs majors in thin Forex market

The Euro set a record high against the Dollar on Friday at 1.4967; the key 1.5000 level remained out of reach and the EurUsd fell back more than a cent, at 1.4839, on comments from a Euro zone policy-maker.
European Central Bank Governing Council member Miguel Angel Fernandez Ordonez said he saw a greater-than-expected economic slowdown in the Euro zone and there was not enough data to dispel uncertainty about the effects of financial market turmoil.
End of last week, moves in currencies were exacerbated by thin liquidity following the Thanksgiving holiday in the United States on Thursday and a Japanese market holiday on Friday.
The Yen and the Swiss franc have both benefited in recent sessions as investors, worried about the fallout from credit market problems and the impact on the broader economy, remained averse to risk. Worries about the fallout have been stoked by the OECD.

Source : ACM

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