February 23, 2010
Dollar Up, Euro Down; Traders await Bernanke Testimony
The U.S. Dollar mounted a strong turnaround on Tuesday following a weaker overnight trade. A surprise drop in consumer confidence in the U.S. and an unexpected fall in German business
confidence reversed the Dollar higher against most major currencies. Both reports indicate that there are increasing concerns regarding the strength of the global economic recovery.
The U.S. Dollar traded higher against most major currencies except the Japanese Yen as risk sentiment shifted back toward safety. Investors …
