Forex | Forex Strategies | Will Dollar Gain on Good News? (27/08/2009 01:48:52)

Will Dollar Gain on Good News?

Will Dollar Gain on Good News? The dollar rose in NY trading Wednesday, supported by risk aversion following reports that China’s government may take steps to curb excess capacity and overinvestment in certain sectors. Since the beginning of the financial crisis, good news had pressured the dollar while bad news had supported it. However, today’s reports on gains in both durable goods orders and new-home sales did not seem to pressure the dollar. The dollar index was up 0.5%, again testing the


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