Daily Forex Commentary for July 14, 2009

July 13th, 2009 • Related • Filed Under




July 14, 2009

Brewer Closing Forex Commentary

The U.S. Dollar started the week on the bull side of the market as its uptrend was expected to remain intact. Trading was anticipated to be defensive. Investors were most likely to remain risk averse while stocks continued to remain weak and the global economic picture was once again moving toward bleak. The overnight rally highlighted the fact that traders were becoming more sensitive to the weakening equity markets and more attracted to safe-haven currencies like the Yen and the U.S. Dollar.

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