June 7, 2010
Late Session Stock Market Break Triggers Dollar Surge
A late session plunge in U.S. equity markets helped the U.S. Dollar surge into the close as traders sought shelter in the safe haven greenback and sold off higher risk
assets and higher yielding currencies.
The U.S. Dollar was trading mixed against most major currencies after trading sharply higher during a volatile overnight session. The main concerns for investors today
have been the thought that Friday’s weak U.S. employment report …
