Kathy Lien is Director of Currency Research at GFT, and runs KathyLien.com.
Kathy has a Bachelors degree in Finance from New York University. Kathy has written for Stocks and Commodities, CBS Market Watch, ActiveTrader, Futures and SFO Magazine. She is frequently quoted on Bloomberg and Reuters and has taught seminars across the country. She has also hosted trader chats on EliteTrader, eSignal, and FXStreet, sharing her expertise in both technical and fundamental analysis.
The sell-off in the Dow, the rebound in oil prices and weaker economic data drove the US dollar lower against every major currency except for the New Zealand dollar.
Oil prices have continued to fall, helping to lift the US dollar and stocks. The reversed roles of oil and stocks, with the former falling and the latter rising comes as a big relief to traders around the world who may have feared for the worst.
After hitting a record low against the Euro on Tuesday, the greenback is fighting its way back. The fundamental factors that are driving the dollar higher today include falling oil prices, a rebounding stock market, intervention risk and hawkish FOMC minutes.
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