March 28, 2010
U.S. Dollar erases some gains after touching 10-month High
The EUR USD erased some of its weekly loss as weak shorts pared their positions in the wake of positive developments out of the European Union summit. Early Friday it was announced
that France and German threw their support behind a modified agreement to allow the International Monetary Fund to provide bailout money to Greece if needed.
This news underpinned the market from the start of the New York session. Friday’s rally approached the old …
