European Session – Broad dollar strength ahead of Fed meeting
Posted on July 29, 2014 at 1:39 pm GMTThe main theme in the currency markets was broad dollar strength, which resulted in weakness in the euro and the pound. Focus is on the greenback as the Federal Reserve gets underway with a 2-day meeting that ends on Wednesday. The euro fell to a fresh 8-month low of 1.3412 following an attempt to rise to 1.3443. The single currency is under pressure as geopolitical tensions exist with regards to the Ukraine and Russia and new sanctions are to be [..]