Daily Forex Commentary for August 25, 2009

August 25, 2009

Dollar Finishes Higher Versus European Currencies

The lack of fresh economic news kept the Forex markets in check most of the day but the U.S. Dollar did post a gain against most majors. The gains and losses were split between relatively lower yielding European currencies and the higher yielding Pacific Rim currencies.

The EUR USD started the day slightly better led by the performance in European equity markets but turned negative throughout the U.S. session. Fed Chairman Bernanke’s upbeat comments on Friday seemed to have worn off with …
Read More …