SubscribeDaily Forex Commentary for October 30, 2009
October 29th, 2009 • Related • Filed Under
October 30, 2009
U.S. GDP Report Helps to Renew Interest in Higher Yielding Currencies
A better than expected U.S. Third Quarter GDP Report sent the Dollar sharply lower on Thursday. The Dollar was trading weaker prior to the release of the report as many traders thought this week’s rally was too much, too soon. The Dollar plunged to the downside after the report showed a robust increase of 3.5% compared to pre-report guesses of 3.2%.
Traders are expressing their satisfaction with the report …
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