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EUR/USD Market Moves 22nd September 2009

The euro rose to a 12-month high against the dollar today, the common currency a continued beneficiary of the rash of anti-dollar sentiment that defined forex trading across Europe and North America.

Asian shares and European stocks edged higher today, prompting the risk-taking sentiment further, a stark contrast to the positions traders had taken yesterday. Traders are still anticipating both the G20 and Federal Open Market Committee (FOMC) meeting, scheduled to begin later this week, but with a more positive tone based on higher-yielding currencies' performances earlier today. Stateside, the FOMC isn’t expected to raise its historically low benchmark interest rates anytime soon, but traders will be following the progress of those meetings for glimpses into future monetary policies.

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EUR/USD Market Moves 22nd September 2009

The euro rose to a 12-month high against the dollar today, the common currency a continued beneficiary of the rash of anti-dollar sentiment that defined forex trading across Europe and North America.

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