Dail;y Forex Commentary for March 25, 2009

March 25th, 2009 • Related • Filed Under




March 25, 2009

Stock Market Top Could Trigger Flight to Dollar Rally

The U.S. Dollar closed higher against most majors on Tuesday as weakness in the global equity markets may be indicating a possible short-term top making traders more risk averse. Questions are arising regarding the U.S. toxic bank plan. It looks as if traders are becoming skeptical as to whether this plan will attract enough private investors. Furthermore, the burden on the taxpayer has also become an issue. This is taking some wind out of the sail of Monday’s currency rally …
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