1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

U.S. Dollar Falls as Appetite for Risk Returns

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Oct 5, 2009.

  1. forextrends24

    forextrends24 New Member

    Mar 27, 2009
    Likes Received:
    Today’s sample of Forex Analysis from ForexHound.com

    The U.S. Dollar was down on Monday against a basket of currencies, driven by increased demand for higher risk assets. Today’s weakness in the Dollar was triggered by this week-end’s statement by the Group of Seven and a better than expected U.S. ISM Services Sector Report this morning.

    The Group of Seven in a prepared statement, chose to leave out comments about the value of the Dollar and instead said it was opposed to “excess volatility and disorderly movements” in the Forex markets.

    This morning the U.S. ISM Non-Manufacturing Sector Report was reported better than expected. The report showed the index rise to 50.9, which was higher than pre-report estimates of 50 and up from an August figure of 48.4.

    Read full article at ForexHound.com as well as Forex Analysis, Forex Education and exclusive timely market Gann Analysis

    Disclaimer: Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

Share This Page