December 25, 2009
Improving Economy Key to Dollar Strength
The U.S. Dollar finished lower against a basket of currencies under thin, pre-holiday trading conditions. Thursday’s weakness could have been worse had it not been for better than
expected initial claims and durable goods. Both reports signaled an improving economy.
Although it is difficult to gauge the actual reasons behind the weakness, it’s easy to speculate that the huge run-up in the Dollar the past few weeks is making it ripe for
profit-taking.
The …
