SubscribeDaily Forex Commentary for May 4, 2009
May 3rd, 2009 • Related • Filed Under
May 4, 2009
Hint of U.S. Economic Recovery Fuels Increased Demand Risk
The key story this week affecting the Forex markets turned out to be the global economy rather than the U.S. Treasury auction and the Fed’s preliminary bank stress test report. If you had asked me last week if a report indicating that Citigroup and Bank of America were on the top of the Fed’s list as being undercapitalized, or that six out of 19 major banks were facing banking problems, I would have thought the Dollar was going through the roof. …
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