Forex | Forex Strategies | As Wall Street Closes Up, Dollar Turns Down (28/08/2009 10:00:15)

As Wall Street Closes Up, Dollar Turns Down

It’s like a trained reflex blindly repeated on a signal. As Wall Street closed up after starting lower yesterday, the dollar lost ground against the major pairs, except the yen. The Asian stock markets followed that stance more or less, closing up or slightly unchanged. With the week ending on a more positive stance for stock markets again, we do not see much chance for the Greenback to gain ground today. On the other hand, the USD is still in a testing phase of its lower levels against other


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