Tuesday, 15 Sep 2009
Dollar Down to Weakest Level of 2009
The U.S. Dollar fell versus the EUR but clung to small gains against other major rivals on Monday. This came as traders turned their focus to data coming this week and as the EUR and Yen hit technical levels that triggered some buying. The market focus now shifts to a slew of U.S. indicators to be released between Tuesday and Thursday that could determine whether the Dollar will continue to trade lower, or experience a pause.
The Wild Card
This pair's sustained upward movement has finally pushed its price into the over-bought territory on the hourly chart's RSI ... read more