December 4, 2009
Dollar Rally Could Make Short Sweat
On Friday the U.S. Dollar posted its biggest gain in weeks against a basket of currencies. The strong up move was triggered by a better than expected Non-Farm Payrolls Report which
showed a decrease in the unemployment rate from 10.2% to 10%. The pace of job losses also declined and there was a revision to the better in October.
Traders bought the Dollar on the thought the Fed would begin reducing stimulus and raising interest rates sooner than previously …
