Daily Forex Commentary for June 2, 2009

June 1st, 2009 • Related • Filed Under




June 2, 2009

U.S. Dollar Finishes Mixed as Buying Dries Up

The U.S. Dollar finished the day mixed as investors took profits after the recent run-up. The Dollar weakened on the initial news regarding the GM bankruptcy filing but appeared to strengthen as analysts began to decipher the filing. President Obama seemed to calm the market by offering his approval of the plan.

For the most part, this recent surge in the major currency pairs has been sentiment-driven rather than based on solid economic facts. Investors have been searching for good …
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