Daily Forex Commentary December 22, 2009

Tuesday, December 22, 2009

Dollar Gains on Upbeat Outlook for Economy

The U.S. Dollar rallied following the release of a better than expected existing home sales report and never relinquished its gains. The rise in the Dollar following the release of
good economic news is another sign that investors are returning to watching traditional fundamentals for direction. Gains are being limited this week because of thin holiday trading. Longs should
watch out for pre-holiday profit-taking tomorrow and Thursday.

The Dollar received a boost overnight …

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