November 24, 2009
U.S. Dollar Bounces Back After Early Morning Weakness
After early morning weakness plunged the Dollar toward last week’s low at 74.75, shorts began covering their positions when the U.S. reported better than expected existing home
sales.
The Dollar was trading sharply lower overnight and had retraced more than 50% of last week’s rally following bearish comments over the weekend by St. Louis Fed President James
Bullard, who restated his case for extending the …
