Article Feed
Twitter
Daily Forex Commentary February 25, 2010
02/25/10 by Brewer Futures Group
Filed under Commentary
February 25, 2010
U.K. Facing Major Economic Problems
Sovereign debt issues in Greece and a poor jobs report in the U.S. helped the Dollar finish better against most major currencies. Throughout the day, investors seeking a safe harbor
supported the Greenback. Early in the session the Dollar got a boost when rumors spread that the S&P Corp. was considering a cut in Greece’s debt rating. Shortly after the New York session
opening, news that Weekly U.S. Jobless Claims rose unexpectedly triggered another strong rally in the Dollar.
Comments
Tell us what you're thinking...