March 9, 2010

Dollar Finishes Higher despite Strength in Equity Markets

The U.S. Dollar finished higher on Tuesday against most major currencies in another round of light trading. Traders opened the New York session averse to risk, but shifted this
sentiment a few times during the day session. The Dollar bent at times, but never broke.

Firmer U.S. equity markets triggered renewed demand for risk at the mid-session. This helped to weaken the Dollar while fueling a rally in the higher yielding Australian Dollar and
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