SubscribeDaily Forex Commentary for May 13, 2009
May 12th, 2009 • Related • Filed Under
May 13, 2009
More Signs U.S. Economy is Losing Safe Haven Luster
The rally in the EUR USD is another sign that the U.S. currency is losing its luster as a safe haven currency. Optimism is building that the Euro Zone economy is getting ready to turn higher. Comments from European Central Bank President Trichet promoted some of the optimism when he suggested that the global economy had reached an “inflection pointâ€. Additional support came from a suggestion from ECB member Axel Weber who said there is no need for the central bank …
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