Wednesday, April 7, 2010
The U.S. Dollar is trading higher overnight as Greek financial concerns drive the Euro lower, poor economic news weakens the British Pound and demand for commodity-linked
currencies fall as China may raise rates during the second quarter.
The Dollar finished higher against most major currencies on Tuesday, boosted by renewed trouble in Greece and comments from the minutes of the Fed’s last meeting.
Greece’s problems are resurfacing due to speculation that it will not be able to service its debt. The troubled country is reportedly asking for more favorable interest
rates on loans from the European Union and to amend certain parts of the bailout proposal from the International Fund.
The spread between Greek Bonds and German Bunds has been widening, indicating that investors are asking for more protection in case of a default by Greece.
The Dollar received a late session boost on Tuesday following the release of the minutes from the last Fed Open Market Committee meeting. Investors were reacting to the
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