Forex News 29-07-2009

| Posted by ShanE at 9:57 AM



Euro Down as Risk Aversion Returns

July 29th, 2009
The euro is losing since yesterday versus currencies like the yen and the dollar, as a report yesterday showed a decline in consumer confidence in the United States, spurring demand for refuge currencies like the Swiss franc and the yen.




Dollar Rebounds Versus Euro on Reports Speculations

July 29th, 2009 The dollar reverted its trend of already two weeks losing versus several main traded currencies, after speculations that this week’s reports will post rather pessimistic figures, raising attractiveness for the safety of the greenback.

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