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Daily Video Recap (11/18/09): Euro Higher vs Dollar, Yen; Pound Slides Following BOE Minutes

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Uploaded by on Nov 18, 2009

Euro Higher vs Dollar, Yen; Pound Slides Following BOE Minutes
Wednesday, November 18th, 2009
Recap: The Euro was higher against the Dollar and Yen, especially overnight as oil and gold rallied. However the EUR/USD pair was unable to penetrate the 1.50 area in NY trading. The Pound was weaker following "dovish" BOE minutes. In fundamental news US housing starts disappointed, while consumer inflation saw a modest increase.

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