Daily Forex Commentary for May 18, 2009

Monday, May 18, 2009

Euro Zone and U.K. Economies May Not Turn Without Additional Central Bank Help

After a multi-month rally in the equity markets increased trader demand for risk and simultaneously brought down the value of the Dollar, sentiment appears to be shifting back toward the Dollar as investors realize the road to a global economic recovery is going to be long and hard.

The Euro and the British Pound in particular were hit hard this week as bearish economic reports led traders to believe that the Euro Zone and U.K. …
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