Daily Forex Commentary for September 29, 2009

September 29, 2009

Dollar Finishes Mixed in Choppy Trade

A rally in U.S. equity markets fueled by oversold conditions and a surge in M&A activity helped trigger an intraday break in the Dollar early in the trading session. Late in the session the Dollar picked up some strength and the Dollar finished mixed against most majors by the close.

There were no major reports today which could have contributed to the lackluster trade. In addition, traders may already be positioning themselves for Friday’s U.S. Non-Farm Payrolls Report. The Dollar was strong …
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