December 8, 2009
U.S. Dollar Rises as Traders Seek Safety Against Risk
The stronger Dollar led stock market investors to pare positions as traders become more averse to risk. U.S. equity markets closed sharply lower following a sell-off which began in
Asia and Europe overnight and spread to the U.S. throughout the day. Traders are trying to protect profits at the end of the year as chart patterns suggest there is more downside than upside
potential at current levels. Traders are reacting to global debt concerns a lot faster …
