January 29, 2010
Longer-Term Outlook Looks Bright for U.S. Dollar
The U.S. Dollar closed out the month of January sharply higher as aggressive buyers helped the Greenback surge to the upside following Friday morning’s better than expected U.S. GDP
report. The report, which blew out forecasts, encouraged traders to buy with both hands as investor sentiment turned more optimistic toward a strong U.S. economic recovery.
Earlier in the week, the Dollar was bolstered by a more upbeat statement by the Federal Reserve. Although the FOMC left interest …
