SubscribeDaily Forex Commentary for October 23, 2009
October 22nd, 2009 • Related • Filed Under
October 23, 2009
Equity Market Rally Wipes Out Dollar’s Gains Versus Euro and British Pound
The U.S. Dollar finished mixed against most major currencies after erasing early session gains against some markets. Early in the trading session, the Dollar was up as traders sought safety and lower yields following a report that showed China’s GDP was less than analyst estimates. Some traders took this as an indication that China was getting ready to end its stimulus program early since the GDP report showed the economy was growing at last year’s pace.
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