February 2, 2010
Geithner Comment Fails to Boost Dollar
The U.S. Dollar finished lower, pressured by increased appetite for risky assets, despite a call from Treasury Secretary Geithner for a stronger currency. Trading remained subdued
today ahead of central bank meetings on February 4th and the U.S. Jobs Data Report on the 5th.
Technical factors helped draw selling pressure to the Dollar. At the start of the week, the Dollar Index, a trade-weighted basket of currencies, was at overbought levels based on the
Relative Strength Index …
