Australian Business Confidence surged to the highest in 15 years in the third quarter according to the National Australia Bank. Risk sentiment is set to continue guiding markets in European trading.
The US Dollar consolidated in overnight trading after surging in New York hours as stocks tumbled, boosting demand for the safety-correlated currency. Traders had their pick of bearish catalysts as US lawmakers considered withdrawing a tax credit for homebuyers, commodities declined as banks continue to face “serious challenges”, and news emerged that Bank of America may have to sell shares to pay back its government bailout.
The Euro consolidated in a narrow range in overnight trading, trading sideways in a 40-pip band above 1.4850.
Leave A Reply (Be The First )
The comments are closed.
No comments yet