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Session Recap: Winds of War in a lackluster day

FXstreet.com (San Francisco) – The Forex market traded another lackluster summer day on Monday as volume was tight and the risk aversion was fueled by the US plans to intervene in the Syrian conflict.

As the FXstreet.com chief analyst Valeria Bednarik commented in a recent report, “the dollar suffered a kneejerk after worse than expected US Durable Goods Orders, although managed to recover the ground lost along the US session and closes the day with modest gains against most rivals.”

Currencies were shaken following the Secretary Kerry speech on Syrian use of chemical weapons but movements were limited and consequently …read more