| Published: November 20, 2009 1:31 AM | | | The Dollar and Yen were steady to end the week as declines on Wall Street carried over to Asia, stemming any demand for risk as traders trimmed positions ahead of the Thanksgiving holiday week. Although most risk pairs ended the day close to flat, the trade day was cut into three distinct parts. The first part of the day was a quick run up in the risk currencies prior to the Tokyo fix, pushing the dollar and yen to session lows. Once the fix was concluded the second move involved a selloff of risk, pushing the dollar and yen to subsequent daily highs. The final chapter to the day was a late run up in gold which pulled the dollar and yen back near opening levels. » Read More | |
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