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FXstreet.com: Technical: Technical Market ViewFXstreet.com: Technical: Technical Market ViewThe Chinese yuan is lower vs. the dollar at 6.83 amid talk of slowing appreciation

Jul 22,2008

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FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.USD -- The greenback opened last week lower across-the-board against its major trading counterparts on speculation Federal Reserve Chairman Bernanke and US Treasury Secretary Paulson would report to Congress that credit market losses will weigh on US economic growth. This proved to be accurate when both men testified before the Senate Finance committee last week. The currency declined to a 25-year low versus the Australian dollar on concerns the debt of Fannie Mae and Freddie Mac will

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