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 British pound continued to churn higher against the US dollar but gave back some of its gains against the euro. The pound has been one of the best performing currency pairs this week thanks to a handful of good economic data and continued interest in pound denominated investments.
After sharp and persistent movements last week, recovery has been the predominant theme in the FX market today with the dollar rallying against all other currency pairs except for the Japanese Yen, which saw exporter buying ahead of the holidays.
On what was suppose to be a quiet day with little data, the US dollar took another beating as Federal Reserve Chairman Ben Bernanke raised the possibility of a pause in the FOMC’s tightening cycle.
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