Has The Dollar Become Immune To Good News?

  • Rate this Story
  • 0
  • 0

December 12, 2013 11:13 AM EST

By Kathleen Brooks, Research Director UK EMEA, FOREX.com

Not even a strong jobs report and signs that the US Congress has reached a Budget deal two months early can get the dollar moving. In fact, any prospect of a relief rally on the back of the news from Capitol Hill were dashed when the dollar index dipped below 80.00 earlier this morning.79.90 is the low so far, while any attempts to recover have been short ?lived, the high has been a paltry 80.06. So why is the dollar failing to rally?

  • Rate this Story
  • 0
  • 0
Copyright FNArena All rights reserved.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.