SubscribeDaily Forex Commentary for October 31, 2009
October 31st, 2009 • Related • Filed Under
October 31, 2009
U.S. Dollar Posts Strong Gain Ahead of Next Week’s Major Reports
The U.S. Dollar posted a strong gain after bearish economic reports Friday morning triggered a massive sell-off in U.S. equity markets. Investors were encouraged to dump higher yielding assets for the safe haven Greenback. Two different reports indicated a drop in consumer spending and sentiment. U.S. Personal Income was flat but Personal Spending indicated that consumers are still paying off debt and saving their money. The drop in the Michigan Sentiment showed that …
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