Yesterday saw the US dollar break out of the downward trend it had been stuck in for the last several weeks. Analysts attributed the reversal to renewed concerns over euro-zone sovereign debt which has caused investors to revert back to the greenback. In addition, speculation that the Fed may soon be coming off its policy of quantitative easing helped lift the dollar.
Yesterday saw the US dollar break out of the downward trend it had been stuck in for the last several weeks. Analysts attributed the reversal to renewed concerns over euro-zone sovereign debt which has caused investors to revert back to the greenback. In addition, speculation that the Fed may soon be coming off its policy of quantitative easing helped lift the dollar.
