December 28, 2009

Concern about Increasing U.S. Debt Pressures Dollar

The U.S. Dollar traded most of the day in a range and finished lower. With the lack of major economic news this week, global investors were forced to worry about another round of U.S.
debt. Throughout the week, the Treasury is going to add to its already massive debt pile by another $118 billion.

Aside from the debt worries, trading is thin and lifeless ahead of the New Year holiday. One can only speculate as to where …