USD Falls Despite False IMF Aid Story

Source: ForexYard USD Falls Despite False IMF Aid Story The USD came off its highs yesterday versus the majors after reports in the Italian press that the International Monetary Fund (IMF) will be providing aid to Italy. These reports subsequently proved to be false. Recent price movements in the FX markets have become more and more driven by the headlines and this should continue as reports come from today's 2-day Eurogroup meeting. Economic News USD – USD Down Despite False IMF Aid Story The USD gave up a portion of last week's gains after reports of an IMF deal for Italy. The story proved false but that did not stop riskier assets from making a comeback at the . . . → Read More: USD Falls Despite False IMF Aid Story