SubscribeDaily Forex Commentary for June 26, 2009
June 25th, 2009 • Related • Filed Under
The U.S. Dollar weakened on Thursday against some of the major Forex markets. Traders attributed the cause of the weakness to the thought that U.S., European and Chinese central bank stimulus plans may finally be working to turn the global economy around.
Thoughts of a global economic recovery helped increase demand for higher yielding assets on Thursday. Other than the action in the Australian and New Zealand Dollars however, today’s up move does not look like it is a threat to the U.S. Dollar’s uptrend.
Despite talk that traders were buying …
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Pingback by Daily Forex Commentary for June 26, 2009 on 25 June 2009:
[...] News Sources wrote an interesting post today onHere’s a quick excerptThe U.S. Dollar weakened on Thursday against some of the major Forex markets. Traders attributed the cause of the weakness to the thought that U.S., European and Chinese central bank stimulus plans may finally be working to turn the global economy around. Thoughts of a global economic recovery helped increase demand for higher yielding assets on Thursday. Other than the action in the Australian and New Zealand Dollars however, today’s up move does not look like it is a threat to the U.S. Dollar’ [...]