March 8, 2010
Trader Confidence in Euro Building; Shorts Lighten Positions
The U.S. Dollar had a choppy, directionless day. The lack of event risk was likely the main reason for this as well as the easing of the Greek fiscal crisis. Trading could continue in
a similar manner over the next few days because the first major report, Weekly Jobless Claims, is not due out until Thursday. This will be followed by the Retail Sales Report on Friday.
The Greenback started the New York session under pressure …
