Daily Forex Commentary March 4, 2010

March 4, 2010

Dollar Rises after Forex Traders Flock to Safer Assets

The U.S. Dollar was up sharply against all major currencies as investors flocked to safer assets following a poor housing report and concerns about Greece’s ability to shore up its
budget deficit. More the most part, it was a quiet trade on Thursday as many big Forex players stood on the sidelines ahead of Friday’s U.S. Non-Farm Payrolls Report.

The EUR USD was stable this morning after reports surfaced that investor demand was strong for …

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