SubscribeDaily Forex Commentary for June 24, 2009
June 23rd, 2009 • Related • Filed Under
Tuesday, June 23, 2009
Trader uncertainty over tomorrow’s Fed statement and concern over rising Treasury yields and the government’s ability to cover its debt obligations contributed to the weakness in the U.S. Dollar on Tuesday.
The uncertainty is coming from one group of traders that wants the Fed to announce an exit strategy while another group is hoping the Fed steps up its Treasury purchases.
The start of a record Treasury auction today raised concerns that the government debt was growing too large to finance. Some traders fear that a debt rating …
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