SubscribeDaily Forex Commentary for June 17, 2009
June 16th, 2009 • Related • Filed Under
June 17, 2009
Dollar in Danger as Reserve Currency?
After a one-day reprieve, the U.S. Dollar traded under pressure once again throughout the day. Yesterday’s upside action was a reaction to positive comments from Russia regarding the status of the Dollar as the world’s reserve currency. Nonetheless, traders appeared to be a little nervous today about holding Dollars while the BRIC nations met to discuss the status of the Dollar as the world’s greatest currency.
Brazil, Russia, India and China will be meeting to discuss the status of the Dollar as …
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