December 2, 2009
Dollar Remains Firm after Fed Releases Beige Book
The U.S. Dollar finished the day higher against a basket of major currencies. The weaker than expected ADP Employment Report encouraged investors to think twice about buying higher
yielding assets. This afternoon’s Fed Beige Book offered nothing new for investors to react to and the Dollar held its ground.
The EUR USD erased all of this morning’s earlier gains and finished lower for the day. Traders were a little hesitant about getting aggressively long at $1.51 ahead …
