SubscribeDaily Forex Commentary for April 29, 2009
April 28th, 2009 • Related • Filed Under
April 29, 2009
Euro Reacts Positively to Friendly U.S. Economic Data
The Euro reversed early weakness and finished higher at the close of the New York session. Before the opening traders were looking for the Euro to trade choppy as investors try to balance bearish banking news, U.S. economic data and the outbreak of the Swine Flu.
Overnight the Euro was under pressure as traders were buying the U.S. Dollar for protection following a Wall Street Journal report that the Fed was asking Bank of America and Citigroup to come up …
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