Dollar goes bombastic on the forex markets

By kavalas - Posted on September 13th, 2011

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The US dollar rallied on the forex market yesterday. The euro went down to its minimum levels ever since February this year. The news triggering these forex moves was that Jurgen Stark, an ECB executive board member, will resign reportedly because of disagreements over the bank’s bond-buying program.

“Market sentiment is again very much on edge, and uncertainty over financial stability is again a recurrent source of angst,” said David Watt, senior currency strategist at RBC Dominion Securities, in a note as quoted by MarketWatch.

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