Daily Forex Commentary for April 15, 2009
April 15, 2009
Where Have All the Spenders Gone?
The U.S. Dollar regained its status as the world’s reserve currency on Tuesday as risk averse traders bought the Dollar in defense of the falling stock market. The rally in the Dollar was triggered by lower than expected U.S. economic reports which dampened the recent optimism created by speculation of a recovery in the global economy.
On Tuesday a pair of government reports showed that U.S. Retail Sales and the U.S. Producer Price Index reports surprising decreased in March. The retail …
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