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U.S. Dollar Finishes Session Mixed

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Sep 28, 2009.

  1. forextrends24

    forextrends24 New Member

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

    A rally in U.S. equity markets fueled by oversold conditions and a surge in M&A activity helped trigger an intraday break in the Dollar early in the trading session. Late in the session the Dollar picked-up some strength as the Dollar finished mixed against most majors by the close.

    There were no major reports today which could have contributed to the lackluster trade. In addition, traders may already be positioning themselves for Friday’s U.S. Non-Farm Payrolls Report. The Dollar was strong against the European currencies but a little weaker versus the Asian-Pacific markets.

    The EUR USD finished the day lower but close to the middle of the day’s range. Overnight this market felt pressure, but firm U.S. equity markets since the opening helped to drive up demand for higher yielding assets. In addition, some say traders are beginning to price in the possibility of a rate hike by the European Central Bank sooner than later. This could have helped to limit losses.

    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.

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