Daily Forex Commentary for April 9, 2009

April 9th, 2009 • Related • Filed Under




April 9, 2009

FOMC Minutes Indicate U.S. Dollar Likely to Remain Strong

Wednesday’s release of the minutes from the March FOMC meeting showed growing concern by members that the U.S. economy would experience a steep drop in activity into 2010. In the report the Fed highlighted a much grimmer outlook for employment, worsening corporate earnings, and weak trade data as the main reasons to believe the recession would last into next year.

Concerns were expressed for both the domestic and overseas economies. These concerns were most likely based on reports …
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