Tuesday, May 5, 2009

Minor Stability...

The calendar today lacks fundamentals all over the globe making investors anxious for the FOMC decision concerning benchmark interest rates later this week.

Majors were able to hit all time highs yesterday as the dollar weakened.

However, they started to slightly decline and trade within narrow ranges taking the Euro to the 1.4392 level, the Sterling at 2.0642 and the Yen at 114.84.

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