Forex Blog by Greg Secker

The US dollar traded at seven week lows against the euro as Asian equity markets continued the global rally. Investors are focusing on higher yielding assets.  The Aussie dollar rose against the US dollar after the Reserve Bank of Australia said the nation’s economy may rebound faster then it forecast six months ago.  In data releases today to watch out for we have the GBP CBI realized sales at 11.00am. Then at 3.00pm there is the USD CB consumer confidence and for those trading later on into the evening, the NZD building consents m/m at 11.45pm. Yesterday – notes Greg Secker – the FTSE closed up 9 points at 4,586 and the Dow closed up 14 points at 9,108.