January 13, 2010
AUD USD Traders Waiting for Important Employment Data
The U.S. Dollar finished lower after a choppy trading session. Even upbeat Beige Book data failed to stimulate buying interest in the Dollar. The Greenback traded higher last night
after Germany announced that its economy had shrunk more than expected in 2009. Hawkish comments from Federal Reserve Bank of Philadelphia President Plosser also triggered a rise in the Dollar.
The Dollar could not hold its earlier strength and broke sharply lower ahead of the New …
