Daily Currencies Report

Daily Review 14/07/2009 US Dollar (USD) – The Dollar weakened against most majors after the U.S. budget deficit topped to $1 trillion for the first nine months of the fiscal year and broke a monthly record for June as the recession subtracted from revenue and the government spent to rejuvenate the economy. NASDAQ and Dow Jones rallied by 2.12% and 2.27% respectively. Crude oil dropped, closing at 59.7$ a barrel as the demand for energy keeps losing ground. Gold (XAU) rose by 0.8% closed at