XE Market Analysis: North America - Jul 11, 2013
By: XE Market AnalysisThe dollar plunged overnight after dovish comments from Fed Chairman Bernanke. This followed yesterday 's FOMC minutes, which highlighted a range of views on tapering, but many members wanted more evidence on jobs. The pace of the dollar sell-off was exacerbated by thin conditions as most of the action came at the Asia Pacific open, where liquidity is often at a very low ebb. Read more