Daily Forex Commentary for March 12, 2009

March 14th, 2009 • Related • Filed Under




March 12, 2009

It’s Still Premature to Declare the U.S. Dollar Bull Market Over

The U.S. Dollar fell against most major Forex markets as a stronger stock market increased trader appetite for more risky assets. The Dollar weakened as a safe haven currency as tensions in the banking sector eased. Some traders feel declaring the bull market over in the Dollar is a bit premature as there are no clear, definitive signs that the U.S. financial system is sound yet. Others cite the recent massive rally may have overshot its target in …
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