SubscribeDaily Forex Commentary for October 12, 2009
October 11th, 2009 • Related • Filed Under
October 12, 2009
U.S. Dollar Finishes Week Down but Off Low
It was a volatile week for the U.S. Dollar. However, a strong comeback on Friday allowed the Dollar to finish lower for the week, but well off of its lowest level.
The U.S. Dollar was down on Monday against a basket of currencies, driven by increased demand for higher risk assets. Weakness in the Dollar was triggered by last weekend’s statement by the Group of Seven and a better than expected U.S. ISM Services Sector Report.
The Group …
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