US Open Preview – Dollar rallies versus yen on inflation prospects; European stocks rebound
Here are the latest developments in global markets: Forex: Dollar/Yen stretched towards a one-week high of 109.74 (+0.51%) during early European trading after the FOMC statement highlighted yesterday that the US inflation is expected to “move up this year”. However, the dollar index inched down to 89.00, remaining near 3-year lows, on the face of a strengthening Euro and […]