SubscribeEuropean Session: USD Fails to Hold Gains
October 5th, 2009 • Related • Filed Under
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The USD ended higher against most major currencies last weekc on risk reduction, as weak economic data prompted traders to take profits from the US equity market and sell the higher yielding assets. Consumer confidence, ADP employment, Chicago PMI, and non-farm payrolls were all worse than expected. Other factors also played a role in the dollar’s strength, as public officials from Sweden, Tokyo,… | ||||||||||||||||||||
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