Daily Forex Commentary for August 28, 2009

August 27th, 2009 • Related • Filed Under




August 28, 2009

Late Surge in Equities and Energy Pressures U.S. Dollar

The U.S. Dollar gave back earlier gains to finish lower against all major currencies. Early in the trading session the Dollar received support from a friendly U.S. Second Quarter GDP Report. This report showed the economy as flat rather than the pre-report estimate of a 1.5% lower.

Overall choppy, two-side trading conditions dominated the Forex markets today. Light volume makes these markets vulnerable to whip-saw like actions.

The Forex trading session turned volatile at about midsession following …
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