December 15, 2009
Dollar Traders Betting on Hawkish News from the Fed
The U.S. Dollar traded higher all day as speculators increased bets that the Fed would issue a more hawkish monetary policy statement tomorrow. Last night the main trend turned up on
the weekly chart leading to a firm opening this morning.
The EUR USD stopped just short of piercing 1.4500. Overnight, sellers hit the Euro hard following the release of the German ZEW Economic Expectation Index report. Better than expected
U.S. economic data and …
