Daily Report: Dollar and Yen Firmer in Range, Sterling Looks into Data as Political S

[Forex-Outlook]

Dollar and Yen are mildly firmer today but after all, forex markets are generally staying in tight range. There are rumors that Morgan Stanley is being investigated over allegations it misled investors about mortgage derivatives. But the impact to markets is mild as Asians stocks stayed in range even though they mildly softer. Euro remains pressured in general and made new low against Canadian dollar at 1.2865. The common currency is also vulnerable to making new low against Sterling and Swissy.

Read Full Out-Look by Action Forex