SubscribeDaily Forex Commentary for June 16, 2009
June 15th, 2009 • Related • Filed Under
June 16, 2009
Russia Announces Its Confidence in the U.S. Dollar
Two overnight events sent the U.S. Dollar sharply higher on Monday. Firstly, the Group of Eight finance ministers hinted at an economic stimulus exit strategy and the Russians expressed confidence in the U.S. Dollar.
The Group of Eight finance ministers signaling an end to the economic stimulus plans was eventually going to happen. Signs of an economic recovery have been building for a couple of months. The ministers have not decided anything concrete at this time. This news is expected …
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