Daily Forex Commentary for September 15, 2009





September 15, 2009

Economic War with China?

The U.S. Dollar opened higher across the board following a sharp rally overnight against all major currencies. The rally in the Dollar started in Asia following a sell-off in the Japanese and Chinese stock markets. By the end of the day, however, many of the Forex markets were able to crawl back from their lows with the Euro actually posting a small gain.

Some analysts attributed the strength in the Dollar to the return of traders from summer vacation while others attribute the weakness …
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