Daily Forex Commentary for September 4, 2009
September 3rd, 2009 • Related • Filed Under
September 4, 2009
Forex Trading Light as Traders Await U.S. Employment Report
The U.S. Dollar is finished mixed on light volume as traders evened up positions ahead of tomorrow’s U.S. Unemployment Report. The Dollar opened weaker against most major Forex markets this morning but erased losses as the day wore on. Today’s weaker than expected U.S. ISM Services Report helped the Dollar regain some of its losses as this report showed the U.S. economy was still weak. Some traders feel that weakness in the services sector will mean that tomorrow’s unemployment report will …
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