Exchange Rate Nov 14th

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Exchange Rate Nov 14th

Euro confidence from the weekend have been dispelled as market jitters continues to appreciate the US dollar http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2011/11/14/FOREX_Euro_Optimism_to_be_Tested_as_Italy_Holds_Bond_Auction.html

Investor's were disapointed in Italy's bond auction so this exerts continued pressures against the euro http://www.proactiveinvestors.co.uk/companies/news/35580/

Higher US Bond Prices will support the US dollars (upward pressure on US dollar) http://www.fxstreet.com/technical/forex-strategy/elliot-wave-corner/2011/11/14/

Shortlived confidence in EU resolution will result in continued downward Pressure on US commodity prices.

YaoChuChen20:58, 14 November 2011