Forex | Forex Blog | Forex and Financial Market Update 11 June 2009 (14/06/2009 18:23:39)

Forex and Financial Market Update 11 June 2009

Dollar falls to rising crude, equities, and negative central bank rhetoric:

Once again the dollar was handed more losses to the euro and pound sterling courtesy of crude oil and US equities. The front month crude contract broke the $73 level today, pushing the S&P 500 to fresh 7-month highs. After better than expected US fundamentals (retail sales, jobs) the dollar didn't stand much of a chance agains [...]

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