Markets went on profit booking mode after ECB infused liquidity: DBS Bank
PUBLISHED ON: March 1, 2012 | Duration: 6 min, 20 sec
Dollar rose against all the major currencies on Wednesday. However, Philip Wee, Senior Currency Economist, Group Research, DBS Bank feels that euro is still the key issue. "Market is largely attributed to the liquidity. When the ECB decided to inject liquidity yesterday, markets decided to go on profit booking mode," he said.