SubscribeDaily Forex Commentary for September 16, 2009
September 16th, 2009 • Related • Filed Under
September 16, 2009
Optimism after Bernanke Comments
The U.S. Dollar is trading weaker this morning as yesterday’s optimistic comments from Fed Chairman Bernanke is helping to drive equity markets higher along with the desire for higher yielding assets.
The EUR USD continues to march higher despite weakness in the Euro Zone. Bernanke’s comments were much more positive than the rhetoric from the Euro Zone central bankers, but nonetheless, investors are seeking higher yields elsewhere and using the lower yielding assets to fuel these investments.
The GBP USD continues to …
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