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The Return of Greenback

Discussion in 'Fundamental Analysis' started by ActionForex.com, Dec 12, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The dollar rallied on Friday despite higher equity prices. Stronger-than-expected US retail sales and consumer confidence boosted economic recovery optimism. The strong correlation between good economic news/rising stock prices and a falling dollar may be ending. The S&P 500 rose 4.06 to 1,106.41. The USD/JPY consolidated its last-week strong gain....

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