OctaFX | OctaFX Forex Broker
Open trading account
Back

USD: Round of selling on Ebola reports out of Boston

FXStreet (Bali) - Yen crosses are having another run to the downside in late US session - thin liquidity - , with the US Dollar being sold hard across the board, being paid as low as Y106.87, following an early intraday bounce failed to absorb offers circa 107.50 vicinity.

The latest round of selling in US stocks (largest 3-day losses for over 3 years), was attributed to new ebola cases being reported in the US, in what looks like an over-reaction by market participants to liquidate positions.

According to Boston Globe: "Logan International Airport officials are sending in a team in full hazmat suits after reports that five people on board a United Arab Emirates flight from Dubai are exhibiting flu-like symptoms. Out of an abundance of caution, airport officials decided to isolate the sick passengers and evaluate their condition. Brelis said hazmat teams began responding to concerns about Flight 237 at about 2:45 p.m. on Monday.

US Session recap: Dollar giving back some ground

The US session had the dollar giving back further gains while US stocks and yields were the main driving force behind a lower US dollar on a non eventful day in the US with there being holidays in North America.
Read more Previous

EUR/USD surges 3/4 cent last hour, Ebola reports in US weigh

EUR/USD is soaring in late US trade, reaching levels as high as 1.2760 after a 3/4 of a cent spike in the last hour, with the market apparently over-reacting to new ebola cases being reported from Boston's Logan International airport.
Read more Next
Start livechat