January 12, 2010
Dollar Loses Ground to GBP USD and USD JPY
The U.S. Dollar finished higher on Tuesday against a trade-weighted basket of currencies while losing ground to the British Pound and Japanese Yen. Risk aversion was high as demand
for safer assets rose after China’s central bank took action to prevent the economy from overheating. This was a strong hint that it was prepared to raise interest rates and end government stimulus
measures.
The GBP USD opened slightly better and advanced throughout the day …
