Dollar rose on Friday because risk tolerance fell and investors cut exposure to financial assets perceived as “higher risk”; in our Friday’s post, it was mentioned that the US Department of Agriculture report about a decrease in export demand for US grains.
The US dollar is down approximately 14 percent since mid-March as expectations for U.S. interest rates to remain at record low levels into 2010 also hurt the “greenback”.
Feel free to continue reading here: newbielink:http://www.tradeviewforex.com/cfdblog/post/2009/11/23/us-dollar-rose-friday-risk-tolerance-fell-online-currency-trading.aspx [nonactive]
Regards,
Gene Hoglan
