Wednesday, 30 September 2009

forex news - Dollar might be demoted during Holiday Trading

forex news - Dollar might be demoted during Holiday Trading

There are plenty of reasons for US dollar to pull back, such as the White House’s auto aid that might help to increase risk sentiment, the Federal Reserve’s rate cut last week, and the outlook of quantitative calming that could direct long-term interest rates lower. But throughout the next week, we must ask what kind of price movement will be there. With the holidays coming, a lot of the world’s monetary markets are going to close and trading volumes are going to drop significantly

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