December 9, 2009
Forex Traders Reassessing Long Dollar Positions
The U.S. Dollar finished the day session lower in lackluster trading with very few highlights. Profit-taking overnight led to a lower opening, but news that S&P lowered the credit
rating of Spain helped the Dollar limit losses. Later in the trading session, the Dollar reversed course and began to lose ground once again as traders reassessed the fundamentals and decided that
the recent rally may have been overdone.
Global debt concerns are the main issue this week …
