Forex | Forex Strategies | Dollar Approaching Critical Support (14/08/2009 02:54:18)

Dollar Approaching Critical Support

Dollar Approaching Critical Support The dollar fell against its rivals on Thursday. Risk appetite and global equity prices rose as a less-thanexpected 0.1% q/q decline in Q2 2009 eurozone GDP boosted economic recovery hopes. The optimism was lessened somewhat in the US as retail sales unexpectedly fell and initial jobless claims unexpectedly rose. The S&P 500 was up 6.92 points to 1012.73, approaching the 1020 resistance. Both the dollar and US equity indexes are at important technical


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