Daily Forex Commentary for March 12, 2009

March 12, 2009

It’s Still Premature to Declare the U.S. Dollar Bull Market Over

The U.S. Dollar fell against most major Forex markets as a stronger stock market increased trader appetite for more risky assets. The Dollar weakened as a safe haven currency as tensions in the banking sector eased. Some traders feel declaring the bull market over in the Dollar is a bit premature as there are no clear, definitive signs that the U.S. financial system is sound yet. Others cite the recent massive rally may have overshot its target in …
Read More …