The dollar ended broadly lower Wednesday in New York as sustained equity market strength drove the Dow Jones Industrial Average above the 10,000 mark and of continued dovish monetary policy in the US weighed on the greenback, The Euro and other risk sensitive currencies rallied in early morning trading, stalled for a perios as equity markets wobbled, and then rallied in afternoon trading again, They strengthened modestly in the early afternoon when the DJIA initially breached the 10,000 level for the first time in more than a year, but rallied more convincingly immediately after the US Fed released the minutes of its September meeting
In : World Forex News