Following the announcement that the Federal Reserve will not taper, Saxo Bank traders say they are seeing a great deal of pressure on the major currencies. In particular, the Aussie and
Kiwi dollars were bought heavily, trading through the 95 and above 84 levels,
respectively
Ben Bernanke?s
decision also put pressure on the euro dollar, and the bidding for this cross is "relentless" at the moment.
Besides news from the US, they say the euro dollar suffered
a technical drop off the back of the latest retail sales in the UK, which were disappointing.
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Saxo Traders: ?Relentless? EURUSD bidding after Fed news
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