Daily Forex Commentary for September 18, 2009

September 18, 2009

Dollar Finishes Mixed on Lower Demand for Risky Assets

The U.S. Dollar finished mixed against most major currencies on Thursday as investor demand for higher yields subsided after a strong three day rally.

The EUR USD finished a little better today in light trading. Although the U.S. economy appears to be leading the global economy out of the recession, investors have been seeking the higher yields in the Euro. Traders should continue to focus on the retracement level at 1.4622. Holding above this level could help accelerate this …
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