March 4, 2010

Dollar Rises after Forex Traders Flock to Safer Assets

The U.S. Dollar was up sharply against all major currencies as investors flocked to safer assets following a poor housing report and concerns about Greece’s ability to shore up its
budget deficit. More the most part, it was a quiet trade on Thursday as many big Forex players stood on the sidelines ahead of Friday’s U.S. Non-Farm Payrolls Report.

The EUR USD was stable this morning after reports surfaced that investor demand was strong for …