US traders dumped the dollar - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the market stillness was interrupted mid American afternoon, on news China decided to inject 500 billion Yuan to the country’s largest banks.

Key Quotes:

“…triggering a strong risk for appetite across all boards”.

“US major indexes are sitting right below all-time highs, while the EUR/USD surge up to 1.2994, posting there a fresh 2 week high, despite quickly retraced back to its comfort zone around 1.2950 to wait for FED outcome this Wednesday”.