Tuesday, May 3, 2011

Forex Morning Overview - US Currency Rebounded - 3 May 2011

Forex Morning Overview - US Currency Rebounded - 3 May 2011

The U.S. currency rebounded amid fear of reprisals from Al Qaeda after the killing of Osama bin Laden Monday. The dollar had tumbled in late New York trading Monday as markets re-focused on low U.S. yields, underpinned by the Federal Reserve Board's ultra-loose monetary policy. Read more