SubscribeDaily Forex Commentary for April 20, 2009
April 17th, 2009 • Related • Filed Under
April 20, 2009
Forex Traders Looking at Another Set of Fundamentals
The strong surge in the equity markets has some people thinking that the global economy is bottoming and setting up for a recovery, but Forex traders must be looking at another set of fundamentals.
This week the Dollar gained substantially over its foreign counterparts and the reason for the gain was not the strong U.S. economy but rather the not-so-weak U.S. economy. This week saw reports which showed the U.S. economy still in a weak position.
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Pingback by Daily Forex Commentary for April 20, 2009 on 17 April 2009:
[...] News Sources wrote an interesting post today onHere’s a quick excerptApril 20, 2009 Forex Traders Looking at Another Set of Fundamentals The strong surge in the equity markets has some people thinking that the global economy is bottoming and setting up for a recovery, but Forex traders must be looking at another set of fundamentals. This week the Dollar gained substantially over its foreign counterparts and the reason for the gain was not the strong U.S. economy but rather the not-so-weak U.S. economy. This week saw reports which showed the U.S. [...]