USD

[tomo1]

Continuing talking about the USD...
Anyhow, where and what s happening?
Even though some positive releases are supposed to influence the currency positively, I believe it is not enough to reverse the bearish trend, investors may be waiting for key data to change reverse the trend!
suggestions?

[Pinalli]

Hi there,

I saw that the Dollar fell again on Wednesday to a new one year low versus a basket of major currencies, as positive outlooks and data continued to fuel the Forex markets risk appetite.

The US Department of Labor’s Consumer Price Index rose .4% in August after having been steady in July. Expectations were for a .3% gain. The CPI measures the average cost of basic consumer goods – the report had little effect on the trend in the Forex market for USD pairs.