SubscribeDaily Forex Commentary for April 8, 2009
April 8th, 2009 • Related • Filed Under
April 8, 2009
U.S. Benefits from Fear in Fragile Financial Markets
The U.S. Dollar benefited again on Tuesday as global investors fled risky assets for a second straight day. This current flight to safety rally is being triggered by worries about the U.S. banking system and the world economy’s ability to pull out of the current recession in a smooth and timely manner.
Negative comments from analyst Mike Mayo and George Soros on Monday are still weighing on financial markets. Mayo questioned the ability of the U.S. government to help …
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