Daily Forex Commentary March 17, 2010
March 17, 2010
Euro Weakens on Bearish Bailout Comments
The U.S. Dollar finished down against most major currencies. From the start it was under pressure as trader demand for risk pressured lower yielding currencies. The early morning
weakness in the Dollar helped to drive up demand for high risk equities and commodities. Tuesday’s move by the Fed to leave interest rates unchanged for a prolonged period of time set the tone for
today’s weakness.
Overnight the EUR USD traded better on increased demand for higher yielding …
Random Posts
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
