SubscribeDaily Forex Commentary for October 1, 2009
September 30th, 2009 • Related • Filed Under
October 1, 2009
Friendly IMF Reports Weakens Demand for U.S. Dollar
The U.S. Dollar closed lower against most major currencies on Wednesday. The bearish tone was set during the overnight trading session following the release of a report from the International Monetary Fund that showed a reduction in the amount of estimated losses from the financial crisis.
The U.S. Dollar finished down as an IMF Report encouraged traders to lighten up their recent long positions. Since late last week the U.S. Dollar has been gaining ground versus most major currencies as …
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