Daily Forex Commentary for June 10, 2009

June 9th, 2009 • Related • Filed Under




June 10, 2009

U.S. Dollar Falls on Commodity Market Pressure

With no major economic data to drive the Forex markets in any particular direction, some investors used today’s Treasury auction and technical factors to drive the U.S. Dollar lower. Others were more sensitive to the rise in the commodity markets.

The Euro closed up against the Dollar today. Despite news that Ireland’s debt rating was reduced because of credit and banking issues, this market remained firm throughout the day.

Fundamentally, traders were leveling off recent short positions because of …
Read More …

Random Posts

Post a Response

  • Polls

    How Has The U.S. Recession Affected You?

    View Results

    Loading ... Loading ...
    • Improve the web with Nofollow Reciprocity.