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U.S. Dollar Falls to 15 Month Low against Basket of Major Currencies

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Dec 1, 2009.

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com

    The U.S. Dollar fell to a 15 month low against a basket of currencies on Tuesday as concerns about debt issues in Dubai subsided, leading to increased demand for higher yielding currencies. Further weakness in the Dollar was attributed to a report that Chinese manufacturing increased at its fastest pace in five years.

    The weakness in the Dollar helped boost commodity and stock demand as investors once again felt comfortable adding more risk to their portfolios.

    U.S. equity markets opened higher and maintained strength throughout the day. The leader was the December E-mini Dow which took out the November high and rallied to 10494 before settling below the high.

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

    Disclaimer: Trading on 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.
     
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