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Forex Flash: Weak outlook for risk in near-term – Wells Fargo

By FXstreet.com,  April 24, 2012, 02:17:00 PM EDT

FXstreet.com (San Francisco) - The U.S. dollar is slightly lower, partially reversing some of yesterday gains, as the uncertain trading pattern in FX markets persists, observes Nick Bennenbroek, Head of Currency Strategy at Wells Fargo Bank. However, "In the absence of any new signals from the Fed's statement or the Fed Chairman's press conference, the market's current cautious mood could continue, which would likely mean a weaker bias for foreign currencies over the near-term," he says.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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