April 1, 2010
Signs of Global Recovery Pressure Dollar
The U.S. Dollar traded lower against most major currencies as traders took advantage of thin market conditions ahead of tomorrow’s key U.S. Non-Farm Payrolls Report.
Early in the session the Dollar rose slightly following a decline in U.S. Weekly Initial Claims before being overcome by aggressive buying of higher yielding assets. Signs that the global economy may
be recovering faster than previously thought helped to pressure the Dollar led by strong rallies in the British Pound …
